Economists Do It With Models

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Entries Tagged as 'Macroeconomics'

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A Belated Reinhart-Rogoff Rundown, Now With More Colbert…

May 9th, 2013 · 5 Comments
Economic Growth · Economic History · Fun With Data · Macroeconomics

I’ve been hesitant to write about this, since every time I try I just end up with phrases like “AN EXCEL ERROR ROFL!!!!” on the page, and I don’t feel like that entirely embodies what I would like to convey regarding the Reinhart-Rogoff situation. So I gave it the old college try on About.com instead. [...]

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Tags: Economic Growth · Economic History · Fun With Data · Macroeconomics

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Cartoonists Ask The Best Questions, GDP Edition…

February 19th, 2013 · 5 Comments
Econ 101 · Economic Growth · Macroeconomics

You may have noticed that I post a decent number of comics from Saturday Morning Breakfast Cereal. While I do know Zach, it wasn’t until recently that I started meddling in the cartoon-generating process. In general, it’s more amusing to see what non-economists come up with on their own, but sometimes I just can’t help [...]

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Tags: Econ 101 · Economic Growth · Macroeconomics

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Turning An Absurd Situation Into a Teachable Moment, Platinum Coin Edition…

January 10th, 2013 · 7 Comments
Macroeconomics · Policy

Twitter tells me that I’m behind on this platinum coin thing: Personally, I would like to know whether the economists seemed appalled by the idea of the platinum coin or the idea of blogging. Anyway, in case you’re been in a cave for the last couple of weeks, there is apparently legislation on the books [...]

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Tags: Macroeconomics · Policy

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Macro 101 In Current Events, As Taught By Greece, Germany, Carly Rae Jepsen, And Taylor Swift…

December 20th, 2012 · 1 Comment
Just For Fun · Macroeconomics

It’s the holiday season, so it’s obviously that time of year when Econ 101 instructors start preparing their syllabi for spring semester. (Oh yeah, and something about Christmas.) For those who teach the course every semester or every year, most of this is pretty routine, but good instructors know how important it is to update [...]

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Tags: Just For Fun · Macroeconomics

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The Fiscal Cliff And Chained CPI, Or Wile E. Coyote As Policy Maker…

December 13th, 2012 · 9 Comments
Buyer Beware · Macroeconomics · Policy

In retrospect, I suppose it was somewhat timely that I wrote an article last week about the Consumer Price Index as a measure of inflation. Specifically, I wrote about how the CPI can overstate increases in a household’s cost of living: The purpose of the Consumer Price Index makes it necessary to evaluate how well [...]

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Tags: Buyer Beware · Macroeconomics · Policy