Friday, April 11, 2014
Thursday, April 10, 2014
Piketty list
Why We’re in a New Gilded Age by Paul Krugman (5.8.14 issue)
The short guide to Capital in the 21st Century by Matt Yglesias (4.8.14)
THOMAS PIKETTY UNSUCCESSFUL ATTEMPTED SMACKDOWN WATCH: I FIND MYSELF DISAPPOINTED BY THE USUALLY-RELIABLE JAMES GALBRAITH AND PETHOKOUKIS by DeLong (4.6.14)
Kapital for the Twenty-First Century? by James K. Galbraith (Spring 2014 issue)
The New Marxism, Part Two by James Pethokoukis (3.31.14)
Piketty on Capital: A Footnote by Henry Farrell (4.5.14)
Capital in the 21 Century: Still Mired in the 19th (See correction) by Dean Baker (3.9.14 / 4.5.14)
Philip Pilkington: Misdirection – Galbraith on Thomas Piketty’s New Book on Capital (4.3.14)
The Top of the World: An ambitious study documents the long-term reign of the 1 percent by Doug Henwood (April/May 2014 issue)
Forces of Divergence: Is surging inequality endemic to capitalism? by John Cassidy (March 31, 2014)
Dialogue: Eleven (so Far) Worthwhile Reviews of and Reflections on Thomas Piketty’s “Capital in the Twenty-First Century”: Wednesday Focus: March 26, 2014 by DeLong (3.25.14)
Kapital for the Twenty-First Century? by James K. Galbraith (Spring 2014 issue)
The New Marxism, Part Two by James Pethokoukis (3.31.14)
Capital in the 21 Century: Still Mired in the 19th (See correction) by Dean Baker (3.9.14 / 4.5.14)
Forces of Divergence: Is surging inequality endemic to capitalism? by John Cassidy (March 31, 2014)
Piketty's Inequality Story in Six Charts by John Cassidy (March 26, 2014)
Wednesday, April 09, 2014
The Central Bank
What Is Going on with the Federal Reserve?: Watching an Ongoing Discussion by DeLong
With unemployment above and inflation below its formal targets, Why is the Federal Reserve talking about withdrawing stimulus? Why is it talking about moving to a regime in which it is no longer purchasing long-term securities as part of quantitative easing? And why is it forecasting that it will begin to increase interest rates six months after quantitative easing ends?
Tuesday, April 08, 2014
The Fed reaction function
The FRB/US Model: A Tool for Macroeconomic Policy Analysis by Flint Brayton, Thomas Laubach, and David Reifschneider
The foxy Fed by Noah Smith
Transparency for Policy Wonks by John Taylor
Who’s to Blame for the Power Shift at the Fed? by Mark Thoma
The foxy Fed by Noah Smith
Who’s to Blame for the Power Shift at the Fed? by Mark Thoma
deflation threat
Now is the time to preempt deflation by John H. Makin (American Enterprise Institute)
Explainer: Why is deflation so harmful? by Mark Thoma
Monday, April 07, 2014
Krugman, DeLong and Baker on inflation and the 1970s
Are Investors Less Confused About Real and Nominal Interest Rates Than They Were 40 Years Ago? by Dean Baker
Thoma commenter anne writes:
Thoma commenter anne writes:
There were 2 characteristics of investment structure and understanding in the 1970s that have changed markedly since.
As for bond portfolios, the concept of duration and how a constant duration bond portfolio can be used to control principle loss during a period of significantly rising interest rates was not developed till late in the 1970s. Bond portfolio managers know how to protect portfolios against increasing inflation or interest rates now.
As for stock portfolios, there has been a significant change for well established companies in which stock buybacks are demanded by investment managers and accepted by corporate management as a way in which to increase stock prices when economic conditions such as increasing inflation or interest rates make for bear markets.
Game of Thrones
AV Club reviews Game Of Thrones (Experts): “Two Swords”
AV Club reviews Game Of Thrones (newbies): “Two Swords”
Wrong. Wrong. Wrong. She's John Brown/Joan of Arc. No commenting system at Vox?