Notes Toward Modeling a Risk-Free Rate with Default Possibilities
Brad DeLong asks why it hasn’t been done, if it hasn’t been done. The biggest problem I can see is that you don’t know how insane the participants are—and that…
Brad DeLong asks why it hasn’t been done, if it hasn’t been done. The biggest problem I can see is that you don’t know how insane the participants are—and that…
…a single point of view. Conflicts of interest constitute the fourth major problem. The fact that the Commission has accepted support from Peter G. Peterson, a man who has for…
…a mile below the Gulf of Mexico’s surface. Republican opponents quickly labeled it “Obama’s Katrina.” David Brooks of the New York Times takes another tack, arguing, “The real parallel could…
…problem,” he said. “And this was intended to get people to ask themselves that question: ‘Do I have a problem here?’” But the point of helping people recognize their blind…
…he, “believe[s] watching these hearings that Dick Clarke has a problem with this African-American woman Condoleezza Rice?” NOVAK: Congressman, do you believe – and you’re a sophisticated guy – watching…
…of a problem that the leading theorists and practitioners of monetary policy at the ZLB (obviously Krugman, Michael Woodford, Ben Bernanke Sinzo Abe and Haruhiko Kuroda *) insist that efforts…
…this “r less than g” was rendered as “r” . html problem resolved thanks to Warren in comments. All three models are overlapping generations model with capital (based on the…
I have screamed for the last several years that the problem with economics isn’t that Macro is problematic; DSGE is a detour but—as Noah Smith shows here—it can be used…
…say, “We don’t have a revenue problem, we have a spending problem?” I refuted that lie repeatedly in this AB post and at the included links. But this is one…
Not Scarcity, But Surplus is the Problem (Just as Dismal, though) by Noni Mausa, lifted from comments at Economist’s View They were discussing scarcity last week at Economist’s View. But…