The week began with the New York Post reporting “a scoop,” and then putting a track coach and a high school kid on the front page as “suspects.” You would think it couldn’t get worse for NewsCorp. I would think it couldn’t get worse for NewsCorp, especially after CNN went out of their way to […]
Or: Thinking About Periods and Lags No need to rehash this cock-up, except to point to the utterly definitive takedown by Arindrajit Dube over at Next New Deal (hat tip: Krugman), and to point out that the takedown might just take even if you’re looking at R&R’s original, skewed data. But a larger point: I frequently see econometrics like R&R’s, comparing […]
Reader Matthew McOsker sends a note pointing us to 2004 and reading for context: Who are the Boston Marathon terrorists? Some early reports state the men are Chechen. So where does Chechnya fit into global terrorism? I found the following piece that gives a nice summary: ” On September 1, 2004, a group of Chechen […]
This story has rapidly made the rounds in the blogosphere, and it is indeed a big deal. One of the most significant economics papers underlying the argument for why high government debt (especially over 90% of gross domestic product) is bad for growth was published in 2010 by Carmen Reinhart and Kenneth Rogoff, “Growth in […]
Most of the formatting in my posts–blockquotes, paragraph spacing, italics–did not transfer to the new platform, so my old posts are pretty much a mishmash to read. At least those posted since about early December, when I began drafting and posting using my then-new Chromebook, which uses only Google’s word processor, not MS Word. I’m […]
MEV has written that this should be happening for our subscribers: Feedburner issue: You currently have 2 different feeds setup through feedburner. We created a redirect for the old feedburner URL to the new one and all RSS feeds should be working properly at this point. •All old subscribers will be redirected to the newer […]
Mark Thoma, among many others, discusses some implications for readers to consider for macro overall: Empirical Methods and Progress in Macroeconomics (Quote)The blow-up over the Reinhart-Rogoff results reminds me of a point I’ve been meaning to make about our ability to use empirical methods to make progress in macroeconomics. This isn’t about the computational mistakes that Reinhart […]
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I posted all I can say publicly at Skippy. And even that wouldn’t work at a family blog like this one. The rest are jokes that I am told–undoubtedly correctly, but lapsed traders are difficult to retrain*–are “too soon.” The Phantom Scribbler came out of her retirement (first post in more than eleven months), though, […]
Lynne Kiesling writes Farm subsidies and entrenched wealth at Knowledge Problem: Veronique de Rugy has a great argument for ending farm subsidies in the April issue of Reason (and yes, do read the whole thing, well worth your time). Farm subsidies are the canonical example of the dynamics of Mancur Olson’s Logic of Collective Action […]