Lars Christensen has done a fair amount of blogging this week. Might Market Monetarists be hawkish or dovish in three to five years? http://marketmonetarist.com/2013/12/05/hawkish-market-monetarists/
Irving Fisher and Clark Warburton had different views on prohibition
Lars looks at some of the arguments for a Basic Income Guarantee
A good post on divisia, with plenty of links: http://marketmonetarist.com/2013/12/09/the-divisia-money-trail-a-very-bullish-uk-story/
Lars explains why there is no bubble in the U.S. stock market
In spite of slow growth, it's good not to be in recession (David Beckworth) http://macromarketmusings.blogspot.com/2013/12/the-great-macroeconomic-experiment-of.html
also, http://macromarketmusings.blogspot.com/2013/12/the-wrong-debate-helicopter-drops-vs.html
http://macromarketmusings.blogspot.com/2013/12/qe-rising-yields-and-right-way-to-taper.html
Australia has kept NGDP growth close to trend (Marcus Nunes)
Something's not quite right about the AS/AD model...
http://thefaintofheart.wordpress.com/2013/12/04/the-new-science-of-reverse-monetarism/
No surprise that Richard Koo is worried about the Bank of Japan
Two oil shocks, two different reactions: http://thefaintofheart.wordpress.com/2013/12/05/inflation-is-coming-again/
Real growth? We're not there yet: http://thefaintofheart.wordpress.com/2013/12/05/absolutely-nothing-to-write-home-about/
Draghi also has a ways to go: http://thefaintofheart.wordpress.com/2013/12/05/good-for-a-laugh-then-dont-forget-to-cry/
Growth levels matter: http://thefaintofheart.wordpress.com/2013/12/06/the-longhorn-provides-a-nice-analytical-instrument/
A visual take or recent business cycles
A conservative uncle frequently said WWII got us out of the Great Depression. Turns out he was in agreement with Paul Krugman: http://thefaintofheart.wordpress.com/2013/12/08/even-paul-sows-confusion-about-the-power-of-fiscal-stimulus/
Marcus compares two Mark Carney speeches
David Glasner and Josh Hendrickson contribute to the Steve Williamson discussion:
http://uneasymoney.com/2013/12/06/stephen-williamson-gets-stuck-at-the-zero-lower-bound/
http://everydayecon.wordpress.com/2013/12/09/my-two-cents-on-qe-and-deflation/
(Scott Sumner) In a "helicopter drop" the price of money falls - Excess money: Lower rental cost or lower price
Of course Scott has considered many...No, You are not titled to an opinion
Tight money at the ECB is the problem: Bloomberg's Editors miss the point
Where are we in the business cycle? Thoughts on the recent economic data
FDIC is moral hazard on steroids: Big Banks Bad, Small Banks Worse
Macro issues as "bigger" than us: Izabella Kaminska and the problem of communication in macro
It's not hard to get life in prison these days: More casualties in the war on drug-using Americans
Someday, a bit of healing. But not yet. Advice to young bloggers
One more time - good post: Further thoughts on miscommunication
Making sense of a recent Krugman post: Friedman on Keynes (and Krugman too?)
Nick Rowe debates how micro and macro are introduced: http://worthwhile.typepad.com/worthwhile_canadian_initi/2013/12/on-intro-micro-first-and-splitting-micro-and-macro.html
How do we think of equilibrium: http://worthwhile.typepad.com/worthwhile_canadian_initi/2013/12/stability-and-counterfactual-conditionals.html
Do people expect QE to be temporary or permanent: http://worthwhile.typepad.com/worthwhile_canadian_initi/2013/12/does-house-building-cause-house-price-inflation-the-sokal-hoax.html
What kind of recovery is this, anyway?
Who complains about the "wrong" growth? A sado-Keynesian (Britmouse)
http://uneconomical.wordpress.com/2013/12/05/the-beginning-of-the-end/
Supply side rationale? Hmm: http://uneconomical.wordpress.com/2013/12/06/garden-bridges-to-nowhere/
Output is still connected to productivity: http://uneconomical.wordpress.com/2013/12/06/a-uk-supply-side-counterfactual/
More divisia, please: http://uneconomical.wordpress.com/2013/12/07/follow-the-divisia-money/
Evan Soltas looks at The argument for the Volcker rule
James Pethokoukis: the slow recovery is not because of obamanomics
Also of interest:
Justin Fox: Who's hiring and who isn't in five charts
Don Boudreaux offers Three Non-Economic Ways of Thinking
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