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Nick Rowe asks if new Keynsian models make sense

…bank gets r=5% (presumed to be its only goal) and private agents maximize their utility given the monetary policy rule, tastes, technology and nominal rigidities (or menu technology if you…

Terrorism Expatriation Act

rule, eventhough I have seen no examples in the media where such an expansion of the rule was needed. I have read opinion is mixed in the lower federal courts….

Fed Policy

…start preparing to soon raise fed funds. This is my version of the Taylor Rule. The biggest difference is that my index gives inflation and unemployment equal weight while the…

Health Care Reform and Caregivers Refusing Medicare Patients

…the forecast that Congress will waive the rule is the only forecast a responsible actuary can make. The Republican/Montgomery/www.washingtonpost.com headline guy spin that elderly people will be denied care if…