-
A WSJ article by Reinhart and Rogoff, on what past crises around the world might teach us for the current crisis. It really ain’t lookin’ that good… I have obviously attended Ken Rogoff’s presentation of this research at the recent ASSA in San Francisco.
Month: February 2009
A Blog Stimulus
And since everybody’s concerned about the fiscal stimulus & co…, here’s the likely-to-be-best proposal in that realm (via MR). And here’s an absolutely great quote from it, to memorize over the weekend and save for future reference:
With sufficient momentum we can make sure the stimulus is not wasted on filling in freshly dug holes, fixing the environment or building bridges to nowhere – all things that the market is perfectly capable of doing by itself.
→ Read more Chicago trio on the fiscal stimulus
This is so far the most informative discussion on the (in)famous fiscal stimulus I’ve happened onto: a recent, 1 hour long, panel discussion within the Myron Scholes Global Market Forums at the University of Chicago Booth School of Business, having as panelists U.
→ Read more On cats
→ Read morewhile talking about animals seems easy, a thorough analysis on cats is a nightmare. let us see the dogs. stereotypes about dogs are more clear-cut: common sense conceptualize them as long standing markers of faithfullness, accuracy, and addiction to well known spaces.
Econlinks
-
McCloskey and Ziliak vs. Hoover and Siegler, from the (very welcome, long overdue…) statistician’s perspective. Gelman has extremely interesting points and I agree with most of them, except that I think (and he partially admits…) he does not know much (euphemism…) about the rational addiction & co literature, so let us leave that point out, shall we (in any case it is not related to the matter at hand)…