Although that is an interesting title, I’m not actually going to talk about anything interesting. Instead, Merry Christmas everyone – and here is a cartoon from Saturday Morning Breakfast Cereal (again): (ht SMBC)
Monthly Archive: December 2011
Permanent link to this article: http://www.tvhe.co.nz/2011/12/25/economists-born-or-trained/
Dec
19
2011
Crisis over before Christmas?
With bond yields collapsing in Europe the implied “bank run” on the periphery appears to be over. This is due to the ECB backstopping European banks for the next three years – in some sense they have taken on the lender of last resort role, just in a confusing, seemingly temporary, and poorly communicated way. …
Permanent link to this article: http://www.tvhe.co.nz/2011/12/19/crisis-over-before-christmas/
Dec
16
2011
RBNZ December 2011 Bulletin
It’s good – and its pretty easy reading. You guys should give it a go. My main focus was on the starting paper on consumption, which just gives a basic overview of how to view total consumption in New Zealand, and then uses this framework to understand some stylized facts regarding NZ in the past …
Permanent link to this article: http://www.tvhe.co.nz/2011/12/16/rbnz-december-2011-bulletin/
Dec
14
2011
Conditional policy
Today’s Fed statement about monetary policy followed the same pattern that we have seen from other central banks, such as the RBA and RBNZ. Essentially, fundamental conditions remain a bit weak, and so there is a reason to keep policy stimulatory – however, this view is strongly conditional on the ECB/Europe not being bat sh*t …
Permanent link to this article: http://www.tvhe.co.nz/2011/12/14/conditional-policy/
Dec
07
2011
Wellington presentation on Saturday
I will be doing a presentation for the blogging community this Saturday in Wellington. We will meet out the front of 109 Featherston St (diagonally from Pita Pit) at 12pm. During the presentation I’ll cover the follow: An overview of what’s going on in Europe, what we need to keep an eye out for, and …
Permanent link to this article: http://www.tvhe.co.nz/2011/12/07/wellington-presentation-on-saturday/
Dec
07
2011
Neuroeconomics is exciting, and scary
Great article from Shiller on neuroeconomics. The more justification, and more positive side, of neuroeconomics is mentioned here: Under Samuelson’s guidance, generations of economists have based their research not on any physical structure underlying thought and behavior, but only on the assumption of rationality. As a result, Glimcher is skeptical of prevailing economic theory, and …
Permanent link to this article: http://www.tvhe.co.nz/2011/12/07/neuroeconomics-is-exciting-and-scary/
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