Prescott, Card and Mankiw on income and substitution effects (applied to USA vs. EU)

Without holding either a Nobel, a John Bates Clark, a chair in Economics or even a PhD in Economics for that matter (yet!- working hard to finish my thesis soon), I will adventure to state that I am inclined to agree with the argument put forward in a recent post by Greg Mankiw (which is also Ed Prescotts’s position, but not so much David Card’s).
  → Read more

What’s the secret of succesful blogs?

This is a question I bet each and every one of us, active members of the blogosphere, would like to have an answer to. Here’s what Tyler Cowen (from Marginal Revolution), one of the most succesful bloggers indeed and one of my favourite econbloggers (that very intriguing new species that I also talked about in a previous post), gives as answer.
  → Read more