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Mean Squared Errors

Thursday, August 13, 2015. What is it with economists and accounting identities? It's very strange. There seems to be something about accounting identities that causes otherwise reasonable economists - pardon my bluntness - to become either stupid or duplicitous. The most famous example is probably Eugene Fama's painfully embarrassing blog post. In which he seriously claimed that the national income accounting identity proved. To what may be a new classic of the genre. There follows a brief tutorial on b...

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Mean Squared Errors | meansquarederrors.blogspot.com Reviews

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Thursday, August 13, 2015. What is it with economists and accounting identities? It's very strange. There seems to be something about accounting identities that causes otherwise reasonable economists - pardon my bluntness - to become either stupid or duplicitous. The most famous example is probably Eugene Fama's painfully embarrassing blog post. In which he seriously claimed that the national income accounting identity proved. To what may be a new classic of the genre. There follows a brief tutorial on b...

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1 mean squared errors

2 emphasis added

3 they constrain accounting

4 aside 1

5 aside 2

6 what is

7 a financial outflow

8 aside 3

9 posted by jec

10 4 comments

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mean squared errors,emphasis added,they constrain accounting,aside 1,aside 2,what is,a financial outflow,aside 3,posted by jec,4 comments,email this,blogthis,share to twitter,share to facebook,share to pinterest,part 3,in part one,in part two,6 comments

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Mean Squared Errors | meansquarederrors.blogspot.com Reviews

https://meansquarederrors.blogspot.com

Thursday, August 13, 2015. What is it with economists and accounting identities? It's very strange. There seems to be something about accounting identities that causes otherwise reasonable economists - pardon my bluntness - to become either stupid or duplicitous. The most famous example is probably Eugene Fama's painfully embarrassing blog post. In which he seriously claimed that the national income accounting identity proved. To what may be a new classic of the genre. There follows a brief tutorial on b...

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meansquarederrors.blogspot.com

1

Mean Squared Errors: What is it with economists and accounting identities?

http://www.meansquarederrors.blogspot.com/2015/08/what-is-it-with-economists-and.html

Thursday, August 13, 2015. What is it with economists and accounting identities? It's very strange. There seems to be something about accounting identities that causes otherwise reasonable economists - pardon my bluntness - to become either stupid or duplicitous. The most famous example is probably Eugene Fama's painfully embarrassing blog post. In which he seriously claimed that the national income accounting identity proved. To what may be a new classic of the genre. There follows a brief tutorial on b...

2

Mean Squared Errors: Easier than you think: How to devalue the Greek Euro

http://www.meansquarederrors.blogspot.com/2015/07/easier-than-you-think-how-to-devalue.html

Sunday, July 19, 2015. Easier than you think: How to devalue the Greek Euro. It's more-or-less universally agreed that if Greece still had its own currency, devaluation could help the country recover from its current economic depression. It's also agreed that, lamentably, this is not possible without Grexit. Do you know what else acts like tariffs? Now, like any option that might actually help the Greek economy (and, by the way, increase the probability that Greece's creditors will someday be repaid), th...

3

Mean Squared Errors: Greek economy: How terrible was it (part 2)

http://www.meansquarederrors.blogspot.com/2015/08/greek-economy-how-terrible-was-it-part-2.html

Wednesday, August 5, 2015. Greek economy: How terrible was it (part 2). Nick Rowe raises an interesting question. About the chart I posted earlier. And, if so, should the effects be regarded as "fake? I think the answers are "yes" and "no," respectively. Changes in relative prices affect real GDP. The effect is most visible in cross-country comparisons on a purchasing power parity (PPP) basis, but it also plays a role in "longitudinal" real GDP within a single country. Even if the quantity. Affected by t...

4

Mean Squared Errors: Greek economy: How terrible was it?

http://www.meansquarederrors.blogspot.com/2015/07/greek-economy-how-terrible-was-it.html

Thursday, July 23, 2015. Greek economy: How terrible was it? It has become conventional wisdom that the Greek economy desperately needs massive structural reforms, lest it be doomed to eternal Third World status. Or something. And among the Wise Old Heads of Europe, it is agreed that the current crisis offers an opportunity too good to miss: a chance to force structural reforms on Greece, undoubtedly for its own good. But, prior to the crisis itself, exactly how terrible was the Greek economy? The train ...

5

Mean Squared Errors: Schäuble's ticking clock

http://www.meansquarederrors.blogspot.com/2015/08/schaubles-ticking-clock.html

Thursday, August 6, 2015. Here's a fact about the Greek financial crisis that doesn't seem to be widely reported: in just under five months, the rules of the game are going to change, and the changes will probably tilt the balance of power in favor of the Greek government and against the Troika. As we've learned over the past two months, the Troika's biggest stick is the ability (and willingness) of the European Central Bank to cripple the banking system of a Eurozone member state by denying it liquidity.

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meansquarederrors.blogspot.com

Mean Squared Errors

Thursday, August 13, 2015. What is it with economists and accounting identities? It's very strange. There seems to be something about accounting identities that causes otherwise reasonable economists - pardon my bluntness - to become either stupid or duplicitous. The most famous example is probably Eugene Fama's painfully embarrassing blog post. In which he seriously claimed that the national income accounting identity proved. To what may be a new classic of the genre. There follows a brief tutorial on b...

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