…any benefit the economy might have received from the compromise. Given that we all agree on the likely next two years, it would be nice to see an economic model…

…tranches of all CDOs. I’m not sure I can present even the simplest model in plain ascii. Also the model is very simple and you will have to trust me…

…at all. I’d alwmost tend to suspect that Yglesias read that post and found the model a convincingly useful approximation to reality. However, Krugman’s model was designed to be immune…

…a model in which the optimal policy is laissez faire and a model in which the optimal policy is confiscation and equal distribution of all wealth. update 2: snark deleted….

…models of trading volume including the rational expectations assumption in the literature. For more than 20 years agents who trade with no motive described in the model have been present…

…CBO model to be an economic model, because I suppose it lacks micro foundations. The fact is that Krugman makes quantitavie calculations. To you they don’t count, because the theoretical…

Andrew Samwick posts “one of the most depressing graphs [he has] ever seen.” Recall the simplest formula Tom used: Savings = Personal Income – Personal Taxes – Personal Consumption Expenditures…

…internationally mobile. While the Erceg, Guerrieri, and Gust model does not have these Mundellian features, the model implicit in Glenn Hubbard’s writings for the Bush CEA on why fiscal stimulus…

…you should do this in models of US interest rates. In my model I include the average of the British, German and Japanese yields. I’ve been running this model for…

…an equilibrium model simulates a snapshot in time and allows the differences between labor and capital to be better determined. Steps to setting up the circular flow model involved… Getting…