Mark Sadowski ran some Granger causality tests to help out (heh)...(David Beckworth)
A New Monetary Policy Target: Per Capita Alcohol Consumption
Good example for maintaining (coordinating) velocity in the nick of time: http://macromarketmusings.blogspot.com/2014/04/observational-equivalence.html
Neo-Fisherism? Three strikes and...http://macromarketmusings.blogspot.com/2014/04/the-cure-for-neo-fisherism-history.html
"this debate is not about the Fisher relation. It's about what happens outside of the steady state." (Evan Soltas) http://esoltas.blogspot.com/2014/04/the-fishermen.html
"Retirement is weird, when you think about it." (Nick Rowe) Secular Stagnation and the End of Retirement
How does mobility matter in all of this? A question worth thinking about: http://worthwhile.typepad.com/worthwhile_canadian_initi/2014/04/meritocracy-mobility-and-optimal-taxation.html
How did the ECB target become the forecast? (Marcus Nunes)
http://thefaintofheart.wordpress.com/2014/04/23/when-medium-term-becomes-open-ended/
Presently we have stable growth, but not the earlier level path: http://thefaintofheart.wordpress.com/2014/04/24/markets-are-telling-where-ngdp-growth-is-heading-an-update/
Quite close to trend. How much luck was involved? http://thefaintofheart.wordpress.com/2014/04/25/sometimes-you-get-lucky-the-case-of-israel/
"Trust us." Populist parties. Hmmm...http://thefaintofheart.wordpress.com/2014/04/25/jurgen-stark-is-starkly-ignorant-about-monetary-policy/
Traders appear to be less optimistic as time goes by: http://thefaintofheart.wordpress.com/2014/04/26/how-to-make-a-great-stagnation-come-true/
What will Jeremy Stein's legacy be? http://thefaintofheart.wordpress.com/2014/04/28/using-interest-rates-to-get-in-all-the-cracks/
"The central bank can either adopt the rate of money growth consistent with the interest rate peg or they cannot maintain the interest rate peg". (Josh Hendrickson) https://everydayecon.wordpress.com/2014/04/28/on-pegging-the-interest-rate/
Good responses from David Glasner - it would have been frustrating to read Sargent's list, otherwise.
http://uneasymoney.com/2014/04/25/memo-to-tom-sargent-economics-is-more-than-just-common-sense/
Lars Christensen notes how close Israel has remained, to the original trend level: http://marketmonetarist.com/2014/04/24/how-stan-fischer-predicted-the-crisis-and-saved-israel-from-it/
Inflation targeting makes it more difficult for central banks to maintain floating exchange rates: http://marketmonetarist.com/2014/04/29/monetary-sovereignty-is-incompatible-with-inflation-targeting/
Scott Sumner's Econlog post, There's only one sensible way to measure economic inequality includes a follow up post at The Money Illusion, Capital income is taxed more heavily than wage income
Some tax theory cognitive illusions: Pandering to the public's ignorance
What happens when monetarist ideas are translated into Keynesian language? Noah Smith on the Neo-Fisherites
Some clarification is in order: If the Fed had a meeting, how would that affect inflation?
Among other things...it always helps to remember that the system is rigged! The case for 80% tax rates on the rich
Also, more Scott at Econlog:
http://econlog.econlib.org/archives/2014/04/a_pragmatic_vie.html
"The forces of both supply and demand explain real wages." Is it okay to reason from a (aggregate) wage change?
The UK had a productivity shock, starting in late 2007...(Britmouse) http://uneconomical.wordpress.com/2014/04/30/what-happens-if-we-screw-up-again/
"There is a big, giant wet blanket of a non-bubble." (Kevin Erdmann) http://idiosyncraticwhisk.blogspot.com/2014/04/a-very-basic-housing-post.html
The bad guy narrative is quite prevalent in financial contexts: http://idiosyncraticwhisk.blogspot.com/2014/04/the-peculiarities-of-mortgage-market.html
"I am considering being more bearish than Bill McBride on one factor, and that is the projected quantity of new home sales" (I agree) http://idiosyncraticwhisk.blogspot.com/2014/04/new-home-sales-and-prices.html
Also of interest:
The same mistake gets made over and over again (Deirdre McCloskey) Cafe Hayek, Quotations of the Day
"...is Piketty writing down a complete markets model or one in which there are incomplete markets for skill formation?" (Matthew Kahn) http://greeneconomics.blogspot.com/2014/04/human-capital-formation-and-capital.html
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