Economists Do It With Models

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Entries Tagged as 'Macroeconomics'

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Why Macroeconomics Is Hard, In Cartoon Form…

June 10th, 2014 · 1 Comment
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 · 2 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 · 2 Comments
Macroeconomics

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

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On Yellen’s First FOMC Presser And Efficient Markets…

March 19th, 2014 · 1 Comment
Macroeconomics · Policy

In case you aren’t already convinced that Janet Yellen is the most powerful woman in the world (or, I suppose, that financial markets are at least approximately informationally efficent), take a look at this: Okay, so maybe that requires a bit of explanation…today, the Federal Reserve released the statement coming out of its March meeting, [...]

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Tags: Macroeconomics · Policy

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Some Help With A Sticky Situation, Wage Edition…

February 8th, 2014 · 3 Comments
Macroeconomics

So, Paul Krugman wrote a blog post that generated the following comment: Theoretically, it is possible you think about your intended audience. You owe it to the readership of your columns and blog posts (all of whom pay for the opportunity to read them) to identify your intended audience, if you have one. That you [...]

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Tags: Macroeconomics

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Reader Question: Interesting Macro Materials?

January 13th, 2014 · 6 Comments
Macroeconomics · Reader Questions

Reader Michael sent me the following yesterday: @jodiecongirl What do you do on the first day of a principles of macro class? I'm looking to spice mine up. — Michael Clark (@Hillsdalemc) January 12, 2014 I feel your pain, bro- I certainly wouldn’t self-identify as a macro person, so I think I struggle more to [...]

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Tags: Macroeconomics · Reader Questions