Saturday, September 22, 2012

THE KOCHERLAKOTA SHIFT AT THE FED IS A BIG DEAL... by DeLong

Last August Kocherlakota said that NAIRU was 8.7%, using "uncertainty" and DMP. Still proud of my feral counter-post:
 http://rortybomb.wordpress.com/2011/08/11/the-fed-dissenters-or-examining-narayana-kocherlakotas-gut/
Konczal also tweeted:
WTF !!! Evans Rule endorsement rt @Noahpinion Kocherlakota flips from the Hard-Money Axis to the Pro-Easing Alliance!!

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