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ISET Economist Blog

World of EconoBlogs
Friday, 30 March, 2012

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 Ph.D. 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 micro-foundations from my neck of the woods this time – micro-foundations and Central Banks.

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

12. And finally, a nice piece of advice from the 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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The views and analysis in this article belong solely to the author(s) and do not necessarily reflect the views of the international School of Economics at TSU (ISET) or ISET Policty Institute.
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