Wolf critica a la OECD por sugerirle a Ingleterra que haga un ajuste fiscal y una contracción monetaria pronto
"I have now lost faith in the view that giving the markets what we think they may want in future – even though they show little sign of insisting on it now – should be the ruling idea in policy. So now should the OECD." dice Wolf
... Y Paul Krugman también ataca a la OECD por lo que dice sobre EEUU. Más crítica de Krugman en una columna en el NYT Discusión entre Krugman y la OECD
jueves, 27 de mayo de 2010
miércoles, 26 de mayo de 2010
Sobre 'sticky prices'
Nick Rowe
Crítica a los modelos macroeconomicos RBC y neokeynesianos. Paul Krugaman comenta y critica a Edward Prescott. Dos críticas a Prescott. 1 y 2
'The sticky price hypothesis: A critique'
Más de Stephen Williamson
Nick Rowe discute las explicaciones de la inflexibilidad de precios
Otro comentario
'Sticky prices and keynesian economics' Post de Stephen Williamson
More on sticky prices
"But is micro-level evidence sufficient to support this transmission mechanism of monetary policy? No. If the NK transmission mechanism is correct, then we have to be able to explain the stickiness of the price level not simply the stickiness of individual prices. This position should not be controversial, but yet I think that it is under-appreciated and perhaps not well understood."
Crítica a los modelos macroeconomicos RBC y neokeynesianos. Paul Krugaman comenta y critica a Edward Prescott. Dos críticas a Prescott. 1 y 2
'The sticky price hypothesis: A critique'
Más de Stephen Williamson
Nick Rowe discute las explicaciones de la inflexibilidad de precios
Otro comentario
'Sticky prices and keynesian economics' Post de Stephen Williamson
More on sticky prices
"But is micro-level evidence sufficient to support this transmission mechanism of monetary policy? No. If the NK transmission mechanism is correct, then we have to be able to explain the stickiness of the price level not simply the stickiness of individual prices. This position should not be controversial, but yet I think that it is under-appreciated and perhaps not well understood."
martes, 25 de mayo de 2010
domingo, 23 de mayo de 2010
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