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Roger Farmer's Economic Window

Roger Farmer's Economic Window. A space for quotes, graphs, thoughts and blogs. Friday, August 14, 2015. Somebody at the PBC blinked. In a recent post. I made this comment about China’s decision to intervene in its own stock market. Chinese policy makers are now learning that lesson. The Peoples Bank of China (PBC) has allowed the Renminbi to tumble. By more than 3% in the last few days. The ride may not yet be over. What’s happening and why? Monday, July 27, 2015. Playing Chess with the Devil. Piece of ...

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Roger Farmer's Economic Window | rogerfarmerblog.blogspot.com Reviews
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Roger Farmer's Economic Window. A space for quotes, graphs, thoughts and blogs. Friday, August 14, 2015. Somebody at the PBC blinked. In a recent post. I made this comment about China’s decision to intervene in its own stock market. Chinese policy makers are now learning that lesson. The Peoples Bank of China (PBC) has allowed the Renminbi to tumble. By more than 3% in the last few days. The ride may not yet be over. What’s happening and why? Monday, July 27, 2015. Playing Chess with the Devil. Piece of ...
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Roger Farmer's Economic Window | rogerfarmerblog.blogspot.com Reviews

https://rogerfarmerblog.blogspot.com

Roger Farmer's Economic Window. A space for quotes, graphs, thoughts and blogs. Friday, August 14, 2015. Somebody at the PBC blinked. In a recent post. I made this comment about China’s decision to intervene in its own stock market. Chinese policy makers are now learning that lesson. The Peoples Bank of China (PBC) has allowed the Renminbi to tumble. By more than 3% in the last few days. The ride may not yet be over. What’s happening and why? Monday, July 27, 2015. Playing Chess with the Devil. Piece of ...

INTERNAL PAGES

rogerfarmerblog.blogspot.com rogerfarmerblog.blogspot.com
1

Roger Farmer's Economic Window: March 2015

http://rogerfarmerblog.blogspot.com/2015_03_01_archive.html

Roger Farmer's Economic Window. A space for quotes, graphs, thoughts and blogs. Sunday, March 8, 2015. Yes David: Unemployment is Sometimes Involuntary. My pal David Andolfatto doesnt like it when I say that some unemployment is involuntary. Here is my response:. Saturday, March 7, 2015. Labor Force Participation is Secular: Unemployment is Cyclical! Updated data at the request of Andrew Sentence. On participation and unemployment in the U.S. C) Roger E. A. Farmer March 2015. The idea that unemployment i...

2

Roger Farmer's Economic Window: April 2015

http://rogerfarmerblog.blogspot.com/2015_04_01_archive.html

Roger Farmer's Economic Window. A space for quotes, graphs, thoughts and blogs. Sunday, April 26, 2015. The Unit Root of the Matter: Is it Demand or Supply? John Cochrane responds to my piece on why there is no evidence that the economy is self-correcting. With an excellent blog post. On unit roots. Johns post raises two issues. The first is descriptive statistics. What is a parsimonious way to describe the time series properties of the unemployment rate? And my perspective on the theory here. And Kevin ...

3

Roger Farmer's Economic Window: Why the Belief Function Matters

http://rogerfarmerblog.blogspot.com/2015/07/why-belief-function-matters.html

Roger Farmer's Economic Window. A space for quotes, graphs, thoughts and blogs. Tuesday, July 21, 2015. Why the Belief Function Matters. A debate on the monetary transmission mechanism was recently reignited on the blogs with a post by Noah Smith. Posts from Nick Rowe. And a response to Noah from John Cochrane. This was all triggered by a set of slides prepared by Michael Woodford and Maria Garcia Schmidt. For a Riksbank Conference in June 2015. A good starting point is the summary here. They must form s...

4

Roger Farmer's Economic Window: The Economics of George Orwell

http://rogerfarmerblog.blogspot.com/2015/06/the-economics-of-george-orwell.html

Roger Farmer's Economic Window. A space for quotes, graphs, thoughts and blogs. Sunday, June 28, 2015. The Economics of George Orwell. Diane Coyle has a nice review. Of Richard Thaler's new book, Misbehaving. Diane's review is, for the most part, appropriately laudatory. But she does voice a concern that I share. Here is Diane. Behavioural economics is now on. E of the most popular areas of the subject, . but the new embrace by economists mak. It is because the sight of economists delighting in a new t.

5

Roger Farmer's Economic Window: There is No Evidence that the Economy is Self-Correcting (Very Wonkish)

http://rogerfarmerblog.blogspot.com/2015/04/there-is-no-evidence-that-economy-is.html

Roger Farmer's Economic Window. A space for quotes, graphs, thoughts and blogs. Thursday, April 16, 2015. There is No Evidence that the Economy is Self-Correcting (Very Wonkish). David Andolfatto asks in a twitter exchange for evidence that deviations of GDP from trend are non-stationary. Here is the raw data. Figure 1 is the residual from a regression of the log of real GDP on a constant and a time trend for quarterly US data from 1955q1 through 2014q4. I will refer to this series as "X". Table 2 presen...

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robertdkirkby.com robertdkirkby.com

Economics Blogs – Robert Kirkby

http://www.robertdkirkby.com/economics/econ-blogs

Macroeconomics (1st Year Undergraduate). Expectations, Bubbles, Crises and The Great Recession. I: GDP and Potential GDP. II: Changing Units (and multiple y-axes). V – Vintage Data and Forecast Updates. VI: Multiple Countries with a for-loop. VII: Stacking and Shading. Codes & Toolkits. Economics Research, mostly focused on Europe, but some general research. Focus on Spain (in Spanish; an English version exists for some posts). The Economist – Graphic Detail. Bob Solow articles on various topics.

orderstatistic.wordpress.com orderstatistic.wordpress.com

In Praise of Linear Models … – Orderstatistic

https://orderstatistic.wordpress.com/2015/05/10/in-praise-of-linear-models

Economics, chess and anything else on my mind. May 10, 2015. In Praise of Linear Models …. Have recent columns discussing the prevalence of linear methods in economics and in particular in macroeconomics. Noah gives a good description of the properties and benefits of linear models. Why am I so convinced that linear methods are a good way to proceed? Let me count the ways:. There are of course cases in which there is important non-linear behavior that needs to be featured in the results. For these ca...

orderstatistic.wordpress.com orderstatistic.wordpress.com

August 2014 – Orderstatistic

https://orderstatistic.wordpress.com/2014/08

Economics, chess and anything else on my mind. August 14, 2014. More Thoughts on the Welfare Consequences of Stimulus Spending. Noah Smith has a short post. Questioning the reasoning of an earlier post of mine about stimulus spending. He includes a short numerical example which I reproduce below. Here’s Noah:. In this case, the net social benefit of spending $100 building the bridge is $90 $110 – $100 = $100. And the net social benefit of spending $100 on a tax rebate is $110 – $100 = $10. Iv) In OPTION ...

davegiles.blogspot.com davegiles.blogspot.com

Econometrics Beat: Dave Giles' Blog: Code

http://davegiles.blogspot.com/p/code.html

Econometrics Beat: Dave Giles' Blog. This page contains access to computer code that is referenced in my main blog. All EViews Program files and R files can be read with any text editor. 3 March 2011: The Origin of Our Species. For analyzing the AEA data; EViews workfile. For analyzing the ES data. 7 March 2011: Less is More. The Second-Longest Word in the Econometrics Dictionary -. Counting Flowers on the Wall. From C to Shining C. Anscombe's Data ( EViews workfile. Curious Data ( EViews workfile. 8 and...

orderstatistic.wordpress.com orderstatistic.wordpress.com

October 2014 – Orderstatistic

https://orderstatistic.wordpress.com/2014/10

Economics, chess and anything else on my mind. October 27, 2014. The Lure of Capital Taxation. The taxation of capital income corporate profits, capital gains, interest, dividends, etc. has always been attractive to both politicians and to economists. Economists are drawn to capital income taxation not because it is a good idea many (most? In the immediate wake of the higher tax, standard theory would predict that basically nothing would happen to production or employment (? The tension between long run ...

orderstatistic.wordpress.com orderstatistic.wordpress.com

Warren Buffet: Fighting Income Inequality with the EITC – Orderstatistic

https://orderstatistic.wordpress.com/2015/05/26/warren-buffet-fighting-income-inequality-with-the-eitc

Economics, chess and anything else on my mind. May 26, 2015. Warren Buffet: Fighting Income Inequality with the EITC. Warren Buffet’s article in the Wall Street Journal. Reminds me of some posts. On fighting income inequality. His article contains a lot of wisdom. Some excerpts:. He writes that an expansion of the minimum wage to 15 dollars per hour. I agree entirely and so would Milton Friedman. There should be widespread publicity that workers can receive free and convenient filing help. An annual ...

orderstatistic.wordpress.com orderstatistic.wordpress.com

September 2014 – Orderstatistic

https://orderstatistic.wordpress.com/2014/09

Economics, chess and anything else on my mind. September 10, 2014. Feels Like it Was Yesterday. September 3, 2014. End of an Era. Judit typically played in the general tournaments she actually never competed for the women’s world championship. Over her career, she has defeated a slew of famous players including Magnus Carlsen (the current world #1 and current chess champion), Viswanathan Anand (the previous world #1), Anatoly Karpov, Boris Spassky, the list goes on and on. [1]. Another fascinating aspect...

orderstatistic.wordpress.com orderstatistic.wordpress.com

Is Big Data the answer to all our problems? – Orderstatistic

https://orderstatistic.wordpress.com/2015/08/02/is-big-data-the-answer-to-all-our-problems/comment-page-1

Economics, chess and anything else on my mind. August 2, 2015. Is Big Data the answer to all our problems? Noah Smith recently commented. On a Malcom Gladwell talk. In which he (Gladwell) expressed doubts about the promise of Big Data. When people use the term Big Data. Be better. (OK, there is the Snowden issue and government invasions of privacy more generally but let’s leave those problems aside I don’t think that kind of intrusive survelance is what either Gladwell or Noah has in mind). Very interest...

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Roger E. A. Farmer

Solutions Manual to Macroeconomics of Self-Fulfilling Prophecies. Roger E. A. Farmer. Updated: February 13th 2015. Solving and Estimating Indeterminate DSGE Models." Joint with Vadim Khramov. Journal of Economic Dynamics and Control. My website open link HERE. NBER Working Paper 19457 HERE. Updated: January 30th 2015. The Stock Market Crash Really Did Cause the Great Recession.". Oxford Bulletin of Economics and Statistics. Forthcoming, My website open link HERE. NBER Working Paper 19391 HERE. Will Ameri...

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Roger Farmer's Economic Window

Roger Farmer's Economic Window. A space for quotes, graphs, thoughts and blogs. Friday, August 14, 2015. Somebody at the PBC blinked. In a recent post. I made this comment about China’s decision to intervene in its own stock market. Chinese policy makers are now learning that lesson. The Peoples Bank of China (PBC) has allowed the Renminbi to tumble. By more than 3% in the last few days. The ride may not yet be over. What’s happening and why? Monday, July 27, 2015. Playing Chess with the Devil. Piece of ...