See this recent blog post on Taylor Rules by John Taylor himself and this discussion of Taylor Rules by Paul McCulley of PIMCO.
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A key objective of QE2 is to raise nominal spending. Given sticky prices and excess economic capacity, this increase in nominal spending wo... -
This is the way capitalism is supposed to work. The weak go under, merge, or get swallowed up. It does not cost anyone a dime. The New York ...
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As the NY Times is reporting , a federal judge has kicked the city in the butt over those gruesome cigarette signs: "A federal judge on...
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We, as always, have been far from reticent in deconstructing Mike Bloomberg's magical economic mystery tour-something that, in our vie...
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We begin the New Year as we left the old one-speculating on how much the mayor has been wounded by the twin catastrophes that walloped his a...
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I'm thinking about posting on: Recent empirical results on the labor theory of value A collection of recent papers from Ian Steedman dem...
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Well, Sarah, I'm calling you a liar. And not even a good one. Trig Paxson Van Palin is not your son. He is your grandson. The Daily Kos ...
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Microsoft Chief Executive Steve Ballmer likens economy to depressions of 1837, 1873, and 1929 Microsoft Chief Executive Steve Ballmer sketch...
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Scott Sumner on the efficacy of monetary policy even when the policy interest rate hit zero: Zero rates don’t really make monetary policy m... -
Samuel Brittan is not the only one in the UK who thinks stabilizing total nominal spending should be the objective of monetary policy. Gile...
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