I would like to follow up on my earlier post: NGDP Targeting in an OLG Model. The purpose of that post was to evaluate the desirability of an NGDP target policy within the context of an explicit (mathematical) macroeconomic model. Josh Hendrickson does a good job of explaining the motivation behind...
European Bond Yields
It is a fascinating picture (h/t Frances Wooley at WCI): Frances asks "what were they thinking?" It seems clear enough that with the introduction of the Euro, bond traders came to view the debt of several European sovereigns...
Ny interaktiv innføringsbok i finans - “DoIT Finans”
Jeg og min kollega Bernt Bertheussen har skrevet en ny innføringsbok i finans og prosjektanalyse. Boken er skrevet på en så enkel og kortfattet måte som mulig. Boken integrerer selvrettende interaktive Excel-oppgaver som gir studentene umiddelbar tilbakemelding på egne ferdigheter. Manuset vant en kurranse...
NGDP targeting in an OLG model
I'm still trying to work through this NGDP targeting idea. A lot of people graciously replied to my earlier query here, including David Beckworth here (David links up to others who have also contributed their thoughts.)So much material. So little time. I find myself reading, and then re-reading...
Feynman on the Scientific Method
A colleague of mine recently pointed me to this fantastic lecture by Richard Feynman (1918-1988) explaining his take on the scientific method.What a treat it would have been to sit in on his lectures! And I confess...
