"Long and variable lags" may well be a holdover from the late fifties. (Marcus Nunes) https://thefaintofheart.wordpress.com/2015/02/05/sitting-in-confortable-perks/
The giant spotlight on the Fed might be worthwhile if there were actually something to illuminate...https://thefaintofheart.wordpress.com/2015/02/05/fed-is-challenged-by-words/
The rise in employment still does not compare to the fall: https://thefaintofheart.wordpress.com/2015/02/06/january-had-the-highest-year-over-year-employment-gain-since-the-90s/
Some escape hatches are better than others: https://thefaintofheart.wordpress.com/2015/02/08/its-no-good-having-an-escape-hatch-if-you-act-stupid-once-youre-out/
There's politics involved in the "great" news: https://thefaintofheart.wordpress.com/2015/02/09/partisan-deceit/
Forward guidance hasn't worked out so well...https://thefaintofheart.wordpress.com/2015/02/09/fed-version-of-jeopardy/
A "cleansing" recession...https://thefaintofheart.wordpress.com/2015/02/10/mean-sobs/
A possibility of NGDP-linked bonds presents some unexpected clarity (Nick Rowe) http://worthwhile.typepad.com/worthwhile_canadian_initi/2015/02/how-to-lie-with-ngdp-statistics.html
The policy instrument is subject to what is already laid out by the monetary target: http://worthwhile.typepad.com/worthwhile_canadian_initi/2015/02/instrument-independence-vs-target-independence-for-monetary-policy.html
At some point, shareholders would not "own" the assets... http://worthwhile.typepad.com/worthwhile_canadian_initi/2015/02/money-as-closed-end-mutual-fund.html
Nick remembers the "great debt blog war of 2011/12." http://worthwhile.typepad.com/worthwhile_canadian_initi/2015/02/debt-does-have-intergenerational-distributional-implications.html
Negative shocks tend to get more attention: http://worthwhile.typepad.com/worthwhile_canadian_initi/2015/02/fisher-calvo-ball-and-mankiw-skewed-bad-news-and-divine-coincidence-failures.html
Making food "travel back in time": http://worthwhile.typepad.com/worthwhile_canadian_initi/2015/02/how-markets-convert-meat-into-vegetables.html
David Glasner's thoughts re a paper from Richard Lipsey: http://uneasymoney.com/2015/02/04/making-sense-of-the-phillips-curve/
Keynes understood the recovery from 40% deflation in the depression of 1920-21. http://uneasymoney.com/2015/02/05/a-keynesian-postscript-on-the-bright-and-shining-dearly-beloved-depression-of-1920-21/
In order of preference, some obvious options (Scott Sumner) : The lesser of evils and the art of compromise
The present fight is over both tactics and strategy: Charles Plosser on Fed discretion
Good news for Kuroda: Market Monetarism in Japan
A "sloppy" Bloomberg article: Noah Smith gets market monetarism wrong
"...if NGDP falls by 4%, consumption might fall by 2% while saving might fall by something like 10%." Think NGDI, not NGDP
Scott has a new paper at the Adam Smith Institute: http://www.adamsmith.org/wp-content/uploads/2015/02/therealproblemwasnominal1.pdf
His article for the Telegraph this week: http://www.telegraph.co.uk/finance/comment/11399762/The-ECB-has-learnt-nothing-from-Japans-lost-decade.html
Scott at Econlog:
The new jobs figures and macro theory
Statist policies in China
Bill Woolsey has a chapter about NGDPLT and free banking in a new book: Renewing the Search for a Monetary Constitution
A response to Richard Wagner's Critique of Market Monetarism
Lars Christensen provides highlights from a paper Harada authored in 2010: http://marketmonetarist.com/2015/02/09/kurodas-new-team-member-yutaka-harada/
"Fragile by Design" is quite a good book, but too fatalistic nonetheless: http://marketmonetarist.com/2015/02/10/selgin-on-haber-and-calomiris/
An "over the top" headline - "It isn't deflation until we say so" (Bonnie Carr) https://dajeeps.wordpress.com/2015/02/06/antics-from-the-grossly-overpaid-and-over-rated/
How much influence does the U.S. have? (Ravi Varghese) http://insecurityanalyst.blogspot.com/2015/02/monetary-orbit-do-we-have-kepler.html
Ben Southwood notes Scott Sumner's paper for ASI, and a related paper from the Harvard Kennedy School Nominal GDP targeting constituency on the rise
While the civilian labor force has grown by 13% since 1999...(Benjamin Cole) https://thefaintofheart.wordpress.com/2015/02/11/the-hourless-recovery-er-recoveries/
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