Monthly Archives: June 2011
No, Atlanta and St Louis Feds, you can’t test whether core is useful that way
This is frustrating me. People (e.g. the Atlanta Fed Macroblog, the St Louis Fed Economic Synopses (pdf)) still aren't getting it. What can I do to attract attention to my simple point? Think up some totally insulting inflammatory blog post title? Nope, that's not really me. I'm just going to try again. And use bold. […]
The New Keynesian confidence fairy multiplier
The graphs from the University of Michigan's Survey of Consumers (HT Mark Thoma) show something that isn't supposed to happen in New Keynesian macroeconomics. It's not that New Keynesian macroeconomics says it can't happen; it just assumes it doesn't happen. So if the empirical evidence says that it did just happen, we need to re-think […]
Worthwhile Canadian Initiative 
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