ALL BLOG POSTS

A report on my blogging in 2011 - directly from Wordpress

A report on my blogging in 2011 - directly from Wordpress

The WordPress.com stats helper monkeys prepared a 2011 annual report for this blog.

Guest post: Why I Support NGDP Targeting (by David Eagle)
Barnett getting it right...

Barnett getting it right...

William Barnett has a comment on his blog about the comments from Scott Sumner, Bill Woolsey and myself.

Divisia Money and "A Subjectivist Approach to the Demand for Money"

Divisia Money and "A Subjectivist Approach to the Demand for Money"

Recently Scott Sumner have brought up William Barnett's new book "Getting it Wrong: How Faulty Monetary Statistics Undermine the Fed, the Financial System, and the Economy". The theme in Barnett's book is basically that "normal" money supply numbers where subcomponents of the money supply is added up with equal weight give wrong measure of the "real" money supply. Instead Barnett's recommend using a so-called Divisia Money method of the money supply.

Ambrose Evans-Pritchard once again endorses Market Monetarism
NGDP targeting would have prevented the Asian crisis

NGDP targeting would have prevented the Asian crisis

I have written a bit about boom, bust and bubbles recently. Not because I think we are heading for a new bubble – I think we are far from that – but because I am trying to explain why bubbles emerge and what role monetary policy plays in these bubbles. Furthermore, I have tried to demonstrate that my decomposition of inflation between supply inflation and demand inflation based on an Quasi-Real Price Index is useful in spotting bubbles and as a guide for monetary policy.

David Davidson and the productivity norm

David Davidson and the productivity norm

Mattias Lundbeck research fellow at the Swedish free market think tank Ratio has an interesting link to a paper by Gunnar Örn over at Scott Sumner's blog. The paper is from 1999 and is in Swedish (so sorry to those of you who do not read and understand Scandinavian...).

Tyler Cowen on the gold standard

Tyler Cowen on the gold standard

Here is Tyler Cowen on the gold standard:

Scott wins Ezra Klein's Wonky awards

Scott wins Ezra Klein's Wonky awards

This is from Ezra Klein's "first-annual Wonky awards":

Guess what Greenspan said on November 17 1992

Guess what Greenspan said on November 17 1992

This is then Federal Reserve chairman Alan Greenspan at the meeting of the Federal Open Market Committee on November 1992:

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