The Last Casualty Of The Libor Scandal
The final casualty of the Libor rate-rigging scandal appears to be Libor itself. And like all the other losers in …
economics
On R-Squared and Economic Prediction
Recently I’ve heard a number of otherwise intelligent people assess an economic hypothesis based on the R2 of an estimated …
The Anti-Demand Coalition
In yesterday’s blog post Paul Krugman summarizes very well the position of some academic economists who deny the potential role …
Labor Economics Fraud from White House Economists
White House economists have a simple trick for projecting wonderful labor market results from just about any policy they like: …
Abenomics and the Supply of Safe Assets
One of the big challenges facing the global economy is the shortage of safe assets. These are the highly liquid, …
Reinhart-Rogoff Data Problems
The methods and conclusions of an influential paper by Carmen Reinhart and Kenneth Rogoff published in 2010 have recently been …
Let Democrats Boost the Minimum Wage, Let Them Own It
President Obama may have thought he was being both kind and clever when he surprised everyone with his State-of-the-Union call …
Half-Full Glasses
Just in case you were inclined to drop the “dismal” from the “dismal science,” Northwestern University professor Robert Gordon has …
On the Perils of Taylor Rules
In the Seven Faces of “The Peril” (2010), St. Louis Fed president Jim Bullard speculated on the prospect of the U.S. falling into a …
A Narrow Definition of Supply
Economic debates are many times portrayed as a fight between economists who think that demand defficiency is the main cause …
