Economists Do It With Models

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Entries Tagged as 'Macroeconomics'

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On Room For Creativity In Monetary Policy?

March 16th, 2015 · 2 Comments
Macroeconomics · Policy

I can’t decide whether this is more or less ridiculous than negative interest rates for dealing with a liquidity trap… (One nitpick: Technically, savings is what funds investment, so it doesn’t generally make sense to think that they move in opposite directions as suggested above. That said, if you define “saving” as putting money in [...]

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Tags: Macroeconomics · Policy

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Adventures In Bad Journalism, Seasonal Adjustment Edition…

March 13th, 2015 · 1 Comment
Fun With Data · Macroeconomics

I didn’t entirely believe that Justin was serious the first time I read this: .@WSJ: Seasonal adjustment should be "based on something other than the weather" Fact: IT ISN'T BASED ON THE WEATHER! — Justin Wolfers (@JustinWolfers) March 6, 2015 Because really, what? You’re probably not shocked that I went down the rabbit hole of [...]

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Tags: Fun With Data · Macroeconomics

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Just A Friendly Reminder Of How Monetary Policy Actually Works…

January 19th, 2015 · Comments Off
Econ 101 · Macroeconomics

I seriously need to order this for my office: If you don’t get it, I humbly suggest a reminder on the mechanics of money supply and interest rates.

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Tags: Econ 101 · Macroeconomics

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Why Macroeconomics Is Hard, In Cartoon Form…

June 10th, 2014 · 2 Comments
Fun With Data · Macroeconomics · Policy

This is from a book on climate change, but the principle definitely holds more widely…(click for larger) (thanks to EconLog for the images!) This concept- that researchers don’t have the luxury of always running randomized controlled experiments (i.e. randomized controlled trials, or RCTs) to determine what affects what- is what leads a growing number of [...]

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Tags: Fun With Data · Macroeconomics · Policy

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On French Men, And Iron Men…

June 3rd, 2014 · 8 Comments
Economic Growth · Macroeconomics

First off, I will be the proud owner of this in 4-5 business days: In related news, Stephen Colbert offers up an explanation for the above item as it relates to Thomas Piketty’s Capital in the Twenty-First Century: In case you haven’t been following along, allow me to get you up to speed: French economist [...]

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Tags: Economic Growth · Macroeconomics

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The Velocity Of Money, In Handy Cartoon Form…

April 14th, 2014 · 4 Comments

Many people think of money and wealth as fairly synonymous, whereas economists are careful to point out that money serves a number of specific functions in the economy. Most notably in the context of the discussion we’re about to have, money is the thing that we use to buy stuff. Therefore, people want to hold [...]

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Tags: Macroeconomics