Categories: Economics

Even If Rather Crude

Posted by: Tom Keene on February 10

"Krugman has staked out a rather crude Keynesian position and unrelentingly so," Sachs said today, referring to John Maynard Keynes, the British economist who advocated government spending to spur economic...

As It Should Be Done

Posted by: Tom Keene on January 31

There lay certitude; there, in the daily round. All the rest hung on mere threads and trivial contingencies; you couldn't waste your time on it. The thing was to do...

This Awkward Time

Posted by: Tom Keene on January 26

John Gapper, over at the FT, has the best phrase I have seen at this Dithering Davos. It is "this awkward time." Life goes on five years into crisis. Everything...

Lose the Pablum. Stop Dithering.

Posted by: Tom Keene on January 24

Countries should fight rising inequality with policies that simultaneously curb the income gap between rich and poor while boosting economic growth. --Reducing Inequality While Boosting Economic Growth is Possible, OECD...

With a Hammer (to the Memory of Mark Blaug)

Posted by: Tom Keene on January 20

...the inflation and the stagflation of the 1970s did more to persuade economists that there was something wrong with Keynesian economics--that you needed supply-side policies and all that--than all the...

Stop Dithering

Posted by: Tom Keene on January 15

...we have just introduced a new currency in eleven countries with different histories, cultures and backgrounds. Establishing and maintaining a European culture of stability is of the utmost importance. This...

...Gertaly

Posted by: Tom Keene on December 22

Clarida and Gertler (1997) present both formal and informal evidence that the Bundesbank's commitment to fight inflation waned somewhat during the period between the two major oil shocks. In 1979...

You Can Make Money in Stocks

Posted by: Tom Keene on December 13

We expect an annualized return of 9 percent from this approach over five to seven years. We've built a portfolio that will have a minimum cash yield of 4.5 percent,...

This is No Time to Go Wobbly

Posted by: Tom Keene on December 10

That evening, she attended a wonderfully elegant ballet and dinner hosted at Versailles by President François Mitterrand. She demonstrated enormous aplomb. But to another leader who wished her well in...

That Financial Dawn, We Slept

Posted by: Tom Keene on December 06

Factual error: The nurses are wearing far too much make up when on duty: bright red lipstick, eyeliner, mascara and blusher expertly applied. Military medical nurses are allowed subtle...

March 9, 1933

Posted by: Tom Keene on November 22

The Emergency Banking Act was introduced on March 9, 1933, to a joint session of Congress and was passed the same evening amid an atmosphere of chaos and uncertainty as...

Look Beyond Bill and Mohamed

Posted by: Tom Keene on November 17

We capture a village's reservation status by a dummy variable which equals one if the village belongs to a GP reserved for SC/ST. We use two dummy variables to measure...

Non Abbiamo Nulla da Temere, ma la Paura Stessa

Posted by: Tom Keene on November 10

It is growing apparent that the euro area may be too late to deliver a policy response that can avoid nonlinearity in Italy. A succession of earnings results from banks...

Your Worst Nightmare...Allan Meltzer

Posted by: Tom Keene on November 03

A legitimate academic study of economics must include a critical discussion of both the benefits and flaws of different economic simplifying models. As your class does not include primary sources...

Earth to Europe: The Great Chan in the Brussels Mind

Posted by: Tom Keene on October 31

But there, central, subterranean, superior, filled with palaces, lotuses, lifeless pools and eunuchs and porcelain--stands my Purple City... Victor Segalen (circa. 1912) in The Chan's Great Continent: China in Western...

Nein, Nein, Nein

Posted by: Tom Keene on October 13

The handshake is let's-talk-business firm. The greeting is collegial and winning. And, he is. (Would a properly schooled media consultant have gone with the tie in equity-kicker gold?) It is...

Compulsory and Mandatory Meetings for Voluntary Headlines

Posted by: Sommer Saadi on June 20

Dennis Gartman advances the smartest chart of this Monday.... the Bank for/of International Settlements look at eposure to Greece (via the bbc.com). Summary, and you don't need a picture...France and...

Mr. President, Meet James MacGregor Burns

Posted by: Tom Keene on August 28

"Brutal" Austerity? Chairman Bernanke gets the press at Jackson Hole, but President Trichet is the must-read speech. Our Simon Kennedy listened carefully as the engineer distilled a potentially brutal "lost...