Economics Roundtable
-- Recession? --
Are back-to-back quarters of 0.6% GDP growth a recession? The blogs weigh in at Recession?
Will a 2% Fed Funds rate help? Fed Watch
-- Economic Principals --
David Warsh reports the latest on this year's free agent season for academic economists.
-- EconModel --
The Economics Roundtable is sponsored by EconModel.
Online, interactive models cover micro, macro, and financial markets.
-- Statistics --
137 Commentators
As of 2/19/08, the Economics Roundtable includes
137 commentators.
Modeled Behavior (Karl Smith)
"A styllized foray in to the world of highly fashionable ideas.” Karl Smith.
May 8, 2008, 5:23 pm, 289111
Paul Krugman says that the Clinton / Obama division on the gas tax holiday doesn't matter. Clinton sides with John McCain in proposing a temporary reduction in the gas tax. Obama sides with economists in suggesting that its a silly idea.
There were three stages of importance to Obama's ...
There were three stages of importance to Obama's ...
April 3, 2008, 5:23 pm, 271703
A striking empirical regularity is emerging. The US economy experiences better growth and less inequality under Democratic presidents.
Like Paul Krugman I have typically dismissed this as a likely statistical aberration because I could not think of how presidents, democrat or otherwise could affect the ...
Like Paul Krugman I have typically dismissed this as a likely statistical aberration because I could not think of how presidents, democrat or otherwise could affect the ...
March 27, 2008, 1:23 pm, 268424
This is exactly what we wanted to prevent
March 26, 2008, 3:23 pm, 267921
Yes, Virginia T-Bill rates can be negative.
In economic theory and practice we typically consider this an impossibility because agents would prefer to hold cash.
However, holding cash is not costless - particularly not now. Holding physical cash in the quantities needed by investment banks and sovereign ...
In economic theory and practice we typically consider this an impossibility because agents would prefer to hold cash.
However, holding cash is not costless - particularly not now. Holding physical cash in the quantities needed by investment banks and sovereign ...
March 24, 2008, 11:23 am, 266652
Rumor is JP Morgan is thinking about upping the ante on the Bear Stearns deal to help it go through. The Fed should discourage this.
The original sale price of Bear was $2 a share and represented a virtual wipe out of Bear shareholders. Given the extensive ...
The original sale price of Bear was $2 a share and represented a virtual wipe out of Bear shareholders. Given the extensive ...
March 21, 2008, 1:23 pm, 265943
What options do we have for stimulating the economy once T-Bills rates hit zero? Traditionally, the Fed encourages bank lending by buying T-Bills.
The Federal government limints the amount of loans a bank can give out based on the amount of cash they have in the vault. So ...
The Federal government limints the amount of loans a bank can give out based on the amount of cash they have in the vault. So ...
March 19, 2008, 3:23 pm, 264991
KNZN mentioned that he didn't think real yields could collapse enough to produce a liquidity trap in an inflationary environment.
The 90 day T-Bill is now at half of a percent, and looks to be in freefall. Remember this is after the Fed annouced that I-Banks would have ...
The 90 day T-Bill is now at half of a percent, and looks to be in freefall. Remember this is after the Fed annouced that I-Banks would have ...
March 18, 2008, 1:23 pm, 264289
I am off to the state legislature this morning so no faux statement. However, I still maintain that there is no tightrope. The Fed has to be focused on preventing the liqudity trap and jump starting credit markets as soon as possible.
Moreover, M1 is flat and credit contracting. ...
Moreover, M1 is flat and credit contracting. ...
March 17, 2008, 1:23 pm, 263570
I am a big fan of what appears to have gone down in the Fed - JPMorgan - Bear Sterns deal. It worked out just about as well as it could given the situation.
Bear Stearns shareholders lost everything, which helps prevents moral hazard. Creditors, counterparties and clients were ...
Bear Stearns shareholders lost everything, which helps prevents moral hazard. Creditors, counterparties and clients were ...
March 15, 2008, 11:23 am, 262715
You really have got to hand it to the financial press. After stoking the flames out risk fueled housing and equity bull markets they are now fully transitioned into fanning the flames of widespread panic.
Its a wonder that more banks don't tap the discount window after the confidence ...
Its a wonder that more banks don't tap the discount window after the confidence ...