ISET Economist Blog

A blog about economics in the South Caucasus by ISET

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Another Friday – and more interesting links from your EJ[1] Giorgi.

1.  David Glasner along with Paul Krugman discusses, whether Milton Friedman was really a closet Keynesian. What a pity Freud didn’t live to see this discussion.

2.  Interesting link from Michael Fuenfzig – would Georgians really save more if the Georgian language didn’t have an explicit future tense? I doubt that – we already live as if there is no tomorrow!

3.  Mark Perry shows once again that markets can be in everything – this time he discovers professional line-standers. Although he talks about lines to congressional and judicial hearings, I can guess that they work the most in March and in October – when new iPads and iPhones are due. Boy, they must love Apple.

4.  Econbrowser discusses a new and interesting paper by Stock and Watson on the channels of the 2007-2009 recession. The comments there are interesting as well.

5.  Megan McArdle from the Atlantic talks about whether one of the libertarians’ dreams – private free-market roads – are really achievable in a truly libertarian way.

6.  Karl Smith from the Modeled Behaviour compares the last two US recessions.

7.  Gizmodo has a quite long but, in my opinion, a must-read Case against Google.

8.  An important guide for any prospective PhD student (ISET students, I’m talking to you!). It is Australian-based but the general principles remain the same in Georgia, I think.

9.  Especially for Zak – what do string theory and DSGE have in common. Yes, you’re right – they both are failures. In a way.

10.  And some more on DSGE and microfoundations from my neck of the woods this time – microfoundations and Central Banks.

11.  Martin Wolf from the FT talks about the interest rates and capital flows. Do read.

12.  And finally, a nice advice from Worthwhile Canadian Initiative on how to explain PPP together with the difference between conditional and unconditional forecasts. Very neat!

[1] As in DJ, only for economists.

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Sunday, 23 October 2016

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