"Imagine the ECB had not raised its interest rate target in 2008 and 2011, but had lowered it." (David Beckworth) http://macromarketmusings.blogspot.com/2015/02/the-eurozone-counterfactual.html
In the first stage, spending fell in the core and periphery. http://macromarketmusings.blogspot.com/2015/03/the-origins-of-eurozone-monetary-policy.html
Marcus Nunes responds, with illustrations: https://thefaintofheart.wordpress.com/2015/03/03/this-bomb-youll-never-learn-to-love/
Permanent monetary injections are needed: http://macromarketmusings.blogspot.com/2015/03/paul-krugman-needs-t-shirt.html
How much freedom does the Fed still have? (Marcus Nunes) https://thefaintofheart.wordpress.com/2015/02/25/the-discussion-should-be-about-instrument-rules-vs-target-rules/
The post title says it all...https://thefaintofheart.wordpress.com/2015/02/26/austerity-only-explains-outcomes-when-monetary-policy-is-absent/
Expectations matter, and quickly: https://thefaintofheart.wordpress.com/2015/02/27/do-we-really-need-matlab-to-perceive-reality/
Matt O' Brien gets tripped up: https://thefaintofheart.wordpress.com/2015/03/01/dollar-antics/
A level target would offset velocity changes: https://thefaintofheart.wordpress.com/2015/03/01/the-fed-should-be-concerned-exclusively-with-nominal-stability/
...a good "consumer spending trajectory"? https://thefaintofheart.wordpress.com/2015/03/01/san-francisco-fed-john-williams-is-sanguine/
"Targeting real GDP is a bad idea." (Bill Woolsey) Nominal GDP Stability and Coordination
Clearing up some confusion re Milton Friedman, and more...Yates on Lags and a Balanced Budget
Tyler Cowen...ever the monetary policy skeptic! (Scott Sumner) The dog that did not bark
Marcus responds: https://thefaintofheart.wordpress.com/2015/02/26/updating-scott-sumners-chart/
Negative yields are just another way to express that It turns out that the U.S. was never at the zero bound
Friedman misidentified monetary shocks by focusing on monetary aggregates: Long and variable leads (a reply to Tony Yates)
Once, what Krugman believed was not widely held...The great unwashed masses (there's weakness in numbers)
Scott at Econlog:
An unfortunate side effect of demand side models: Mission creep
How interest rates matter, and how they don't
A change of heart for Krugman: The last Keynesian left alive
How do big shocks to the exchange rate affect stock prices? (Evan Soltas) http://esoltas.blogspot.com/2015/03/from-japan-to-switzerland.html
How low can it go? http://esoltas.blogspot.com/2015/03/whats-actual-lower-bound.html
Evan delves into the Great Compression
A response for Elizabeth Breunig (Nick Rowe) http://worthwhile.typepad.com/worthwhile_canadian_initi/2015/02/babies-as-human-capital-in-an-olg-model.html
Perhaps the dividing line isn't really all that sharp... http://worthwhile.typepad.com/worthwhile_canadian_initi/2015/03/a-silly-question-for-anti-austerians.html
"There is no transformation problem." http://worthwhile.typepad.com/worthwhile_canadian_initi/2015/03/the-land-theory-of-value.html
Balance sheet growth with no limit (Benjamin Cole) https://thefaintofheart.wordpress.com/2015/02/28/an-open-letter-to-bank-of-japan-governor-haruhiko-karada-i-love-you/
"...income as a flow of money from firms to households." (David Glasner) http://uneasymoney.com/2015/02/26/imagination-and-identity/
What are inventories...really? http://uneasymoney.com/2015/03/03/why-theories-of-national-income-based-on-accounting-identities-are-nonsensical-and-error-ridden-part-ii/
Too many still conflate the financial panic with the economic plunge (Ravi Varghese) http://insecurityanalyst.blogspot.com/2015/02/is-fed-targeting-bond-yields-mr-dudleys.html
Is the Fed drifting towards a "cruel mandate"? (Bonnie Carr) https://dajeeps.wordpress.com/2015/02/26/accountability-rules-the-fed-and-spin/
Janet Yellen is not doing what needs to be done: https://dajeeps.wordpress.com/2015/03/02/yellen-and-the-fed-borg-accountability-rules-and-the-fed-part-ii/
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