We don't have to accept a "Great Stagnation" as a new normal. (Marcus Nunes) http://thefaintofheart.wordpress.com/2014/05/01/are-we-being-brainwashed/
Just the same, the Fed still appears ready to accept this state of affairs: http://thefaintofheart.wordpress.com/2014/05/02/the-fed-is-capping-growth-and-slowly-and-surely-leading-the-way-to-the-great-stagnation/
Why are inflation and aggregate demand still being confused? http://thefaintofheart.wordpress.com/2014/05/03/bashing-inflation-talk/
Just take another chunk out of labor costs, no one will notice...(Benjamin Cole) http://thefaintofheart.wordpress.com/2014/05/04/since-the-great-bust-the-fed-has-obtained-deflation-in-labor-costs/
Marcus notes that the drop in nominal spending, accelerated the fall in labor force participation: http://thefaintofheart.wordpress.com/2014/05/04/tackling-the-fall-in-labor-force-participation/
With a nominal target, the Fed would not have to worry so, about supply shocks: http://thefaintofheart.wordpress.com/2014/05/04/fed-learning-about-inflation/
Had NGDP also dropped after the tech stock bubble... http://thefaintofheart.wordpress.com/2014/05/05/popular-but-wrong/
At least fiscal measures have been partially offset: http://thefaintofheart.wordpress.com/2014/05/05/its-not-about-austerity/
The CPI is a truly odd sort of thing...(Britmouse) http://uneconomical.wordpress.com/2014/05/01/consumer-price-illusions/
"It is Kafkaesque, this world of monetary policy." http://uneconomical.wordpress.com/2014/05/02/house-prices-monetary-policy-and-kafka/
Evan Soltas tackles "...the analytical challenge of our era for economists." http://esoltas.blogspot.com/2014/05/why-participation-is-down.html
Is the real agenda to prevent dynasties? Hard to say...(Scott Sumner) You can't please anybody
We're number one! We're...World Bank: China is now #1
Two job surveys, two very different sets of results: The end of extended unemployment benefits
"...Greek and Spanish banks have repaid more of their bailout costs than German banks." Mark Sadowski on bank bailouts and repayment
Econlog posts from Scott Sumner:
By way of example, the revenue from high tax rates on high consumption, could make income taxes unnecessary.
Monetary policy is not intended to stop excesses or to stimulate during recessions
Alan Reynolds, CATO Senior Fellow, responds in the comments (David Beckworth) http://macromarketmusings.blogspot.com/2014/04/the-cato-institute-and-ngdp-targeting.html
The Fed only needs to worry about the result of the supply and demand components:
http://macromarketmusings.blogspot.com/2014/05/the-seesaw-approach-to-monetary-policy.html
Lars Christensen remembers Gary Becker: http://marketmonetarist.com/2014/05/05/gary-becker-has-died-long-live-economic-imperialism/
The Romanian central bank needs an NGDP target:
http://marketmonetarist.com/2014/05/06/it-was-monetary-policy-failure-also-in-romania/
Today, expectations are "all over the place" (David Glasner): http://uneasymoney.com/2014/05/06/monetary-theory-on-the-neo-fisherite-edge/
What would it take to get back to labor force participation and unemployment rates comparable to 2006? (Bonnie Carr)
By no means is this a figment of anyone's imagination (James Pethokoukis) 3 disturbing charts showing the alarming decline of U.S. economic dynamism
Lorenzo has been reading "Fragile by Design":
http://skepticlawyer.com.au/2014/05/07/banking-privilege-as-social-bargaining-a-nice-case-study/
Also of interest:
Jonathan Finegold on Gary Becker: "I wonder why it took so long for the concept of human capital to become an explicit component of the discussion." http://www.economicthought.net/blog/?p=6060
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