Economists Do It With Models

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Entries Tagged as '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 · 5 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

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New Leading Indicator: Cat Aspect Ratio…

December 23rd, 2013 · 2 Comments
Fun With Data · Macroeconomics

I’ve written about weird economic indicators before, and there are even pretty comprehensive lists of such things available on the interwebs. What is less available is clarification regarding the different types of economic indicators. Luckily, the taxonomy of indicators uses fairly intuitive names- “leading” indicators are quantities that tend to track future economic movements, “coincident” [...]

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Tags: Fun With Data · Macroeconomics

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Economists Do It With Strippers, Inflation Edition…

November 18th, 2013 · 1 Comment
Behavioral Econ · Macroeconomics

I apparently have the approximate maturity level of a 12-year-old boy, since I cannot stop laughing at this: I think part of my amusement comes from the fact that Tyler Cowen took up the cause of overthinking Zach’s cartoons, and there are some choice comments on that post. In case you don’t have time to [...]

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Tags: Behavioral Econ · Macroeconomics