Monthly Archives: November 2011
Omitted Facts in a Speech on Omitted Variables
Christina Romer gave a speech at Hamilton College earlier this month which criticizes my findings that recent temporary tax rebates had little or no effect on aggregate consumption. Romer claims that in analyzing this “relationship between two variables” I did … Continue reading
Posted in Fiscal Policy and Reforms
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More on Nominal GDP Targeting
Several people have asked me to comment on nominal GDP targeting, as recently proposed by Scott Sumner, Christina Romer and Paul Krugman. I did research on nominal GDP targeting many years ago and found that such targeting proposals had a … Continue reading
Posted in Monetary Policy
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Price Explosion for Stanford Oregon Tickets
We just finished Week 7, and Lecture 27, in Economics 1 with a midterm exam coming up next week. What a great time to be teaching and learning economics, with the questions about the bailouts and the top 1 percent … Continue reading
Posted in Teaching Economics
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More On Economic Freedom and Monetary Policy
My Wall Street Journal article today is quite critical of recent interventionist fiscal and monetary policies in the United States. In my view, they have not only been unhelpful to the American economy, they have also been unhelpful to the … Continue reading
Posted in Monetary Policy
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Economics One 