Tags » Greg Mankiw

Price Stickiness and Macroeconomics

Noah Smith has a classically snide rejoinder to Stephen Williamson’s outrage at Noah’s Bloomberg paean to price stickiness and to the classic Ball and Maniw article… 1,028 more words

Expectations

Good advice on how to treat those who disagree with you

From Greg Mankiw:

I have found that to convince other people, it is usually best not to assume your own moral superiority but rather to talk with them as equals who just happen to have a different point of view.

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Debate

Invaders from planet stupid

A very interesting post by Steve Hayward at Powerline with the title, First they came for the Sociologists. But in spite of its title, the post is mostly about economics. 614 more words

Philosophical And Speculative

Gregory Mankiw

Every economics student would have come across Gregory Mankiw’s work at some point of time or the other. Mankiw’s knowledge of economics is rather prolific, and as a… 179 more words

Economists

WutoWu #13: Row, Row, Row Your Boat

Hi Jessica,

Ahhh! I’m getting this in right before the weekly deadline, which means I get to come up with a fitting punishment for you. I haven’t decided what it’s going to be, but when I do, I’ll let you know. 431 more words

WuToWu

There is no bond market bubble

Bubbles, bubbles, everywhere bubbles. There is a lot of talk about bubbles among commentators and central bankers. One of the most common bubble fears is a fear of a bubble in the US bond market (just take a look at this recent… 1,346 more words

Federal Reserve

The Mankiw-Darda rule tells the Fed to wait a bit with hikes

Greg Mankiw has a blog post commenting on my previous post on the so-called Mankiw rule.

I show in my post that according to both the original and a re-estimated version of the Mankiw rule the Federal Reserve should be hiking rates right now. 1,530 more words

NGDP Targeting