…different effects of QE I and QE II on asset prices. Yellen’s analysis is based on the assumption that the magnitude of the effects is known a priori to be…

…has positive effects next year too. Of course, at some point, the future effects of today’s tax rates dissipate. Not having a precise theory, it probably pays to consider several…

…negative effects on the total. I am going to publish this to get the ball rolling but will be updating both this post and comments over the next couple of…

…(through June 11 and see chart below), and the lagged effects of the nominal depreciation will continue to pass through to exports. In China, though, a resurgence of export growth…

Robert Waldmann claims that, after the invention of the mortgage based security, which clearly served to diversify risk, there have been three main purposes : weakening the effects of prudential…

…rule, employers will (generally correctly) view their February backlog as a result of existing labor not working, not as a need to hire new workers. If you’re balancing the effects…

…‘deficit’ and ‘debt’. A ‘deficit’ is basically an accounting convention, it is worthwhile to calculate various gaps between income and cost. But not everything labeled ‘income’ actually represents cash extracted…

…respectable trajectory, but even an incremental increase in the rate of investment (i.e., the capital stock) could have profound effects on productivity and growth. Here is what the FT says:…

…reciprocity, this triad is recognized under different labels by several writers from Polanyi to David Graeber. Local society is never self-sufficient. There is thus an abiding tension between the internal…

…subjected to treatments that they don’t really need—products and procedures that expose them to the risks of side effects, with little or no benefit What’s Making Us Sick is an…