Economists Do It With Models

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Entries Tagged as 'Policy'

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Be Careful What You Wish For, Economist Party Edition…

June 12th, 2014 · 6 Comments
Policy · Uncategorizable

Okay, so my last post mentioned my desire for an Economist political party, but I don’t think that this is what I had in mind: (See here if you are feeling procrastinatory and want to watch the second part of the segment.) First off, I can’t help but focus on the fact that Rate My [...]

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Tags: Policy · Uncategorizable

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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 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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On Economists Giving Thanks, And The Avoidance Of Arms Races…

November 28th, 2013 · 2 Comments
Behavioral Econ · Buyer Beware · Game Theory · Policy

First off, HAPPY THANKSGIVING! I am very thankful that you all read my online ramblings Once you get drowsy from eating too much Thanksgiving dinner (and no, it’s not the turkey, that’s mostly an urban legend, unless of course you ate the entire turkey), you should feast on what Dan Ariely has to say about [...]

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Tags: Behavioral Econ · Buyer Beware · Game Theory · Policy

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Presidential Medals of Freedom and Hypothetical Conversations of Awkwardness, Kahneman Edition…

November 20th, 2013 · No Comments
Behavioral Econ · Books · Policy

I suppose I am a fairly lazy employee, at least in a typical sense, since I do much of my work at home with the television on in the background. At night, this process generally entails reruns of The Big Bang Theory, since by this point I’ve watched the episodes enough that I don’t feel [...]

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Tags: Behavioral Econ · Books · Policy

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The New (And Improved) Alan Greenspan Does The Daily Show…

October 24th, 2013 · 2 Comments
Behavioral Econ · Books · Finance · Markets · Policy

Oh man, this is great…it’s like watching everybody’s grandfather talk about bank regulation, AND Greenspan is basically saying that behavioral economists had it right all along: (Sidenote: the closed captions are really helpful if you are somewhere where audio is frowned upon.) Oh good, we’ve gotten to a point in the world where the guy [...]

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Tags: Behavioral Econ · Books · Finance · Markets · Policy