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Tyler Cowen has a post entitled “Is Abenomics Working?” The first line of the post says: Japan’s economy grew by 0.7% in 2013, down from an initial estimate of 1%. That reflects the year over year figures, which makes the “in 2013” phrasing slightly misleading. The rate is quite low because Japanese RGDP was falling in 2012, before Abenomics was enacted. A better test would be 4th quarter over 4
I tried to put together a short intro course on money for students who have already studied basic macroeconomics. It consists of nine posts: 1. Money matters a lot. (and non-monetary shocks don’t matter as much as you’d think.) 2. Why does money matter? 3. Money and inflation, pt. 1: The long twilight of gold. 4. Money and inflation, pt. 2: Why does fiat money have value? 5. Money and infl
Tyler Cowen directed me to the blogger Daniel Frank, who has a post discussing my non-monetary blogging. I always find it gratifying when someone indicates that they find something of value in these non-monetary posts. I worry they are merely a self-indulgence, taking advantage of the fact that I have a captive audience from my market monetarist posts. And my Russia trolls keep telling me how stup
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