What Do People Want? Trading Off Different Aspects of Well-Being—Video of an LSE Seminar by Miles Kimball
Confessions of a Supply-Side Liberal
by Miles Kimball
2w ago
Link to the video shown above ..read more
Visit website
Why Subprime Mortgage Losses Mattered in the 2008 Financial Crisis
Confessions of a Supply-Side Liberal
by Miles Kimball
1M ago
link to the article shown above “In 2007, many analysts dismissed the significance of subprime mortgage losses, which they compared to a bad day in the stock market. In a report that November, Hatzius called the analogy flawed. Citing research by the economists Tobias Adrian and Hyun Song Shin, he noted that stocks were mostly owned by ‘long-only’ investors such as pension funds who ‘passively accept a hit to their net worth.’ By contrast, mortgages are owned by leveraged institutions such as banks, investment dealers, hedge funds, Fannie Mae and Freddie Mac. For every dollar of losses, thes ..read more
Visit website
A Tweetstorm on Imperfect Information Processing
Confessions of a Supply-Side Liberal
by Miles Kimball
1M ago
Because inflation today is caused by firms changing price today & inflation tomorrow is caused by a different set of firms changing price tomorrow, sticky inflation in the face of a big macro shock means firms are changing prices without fully incorporating the new information. — Miles Kimball (@mileskimball) February 22, 2024 Mankiw and Reis interpret their model as a model of sticky information: firms periodically wake up and get all the new macroeconomic information, then set a new price path accordingly. — Miles Kimball (@mileskimball) February 22, 2024 Macroeconomic information is ..read more
Visit website
Noah Smith: A Bunch of Handy Charts about Climate Change
Confessions of a Supply-Side Liberal
by Miles Kimball
1M ago
..read more
Visit website
From Happiness Data to Economic Conclusions—Video of a Presentation at LSE by Ori Heffetz
Confessions of a Supply-Side Liberal
by Miles Kimball
2M ago
A talk about joint work with Dan Benjamin, Kristen Cooper and me ..read more
Visit website
Why We Need to Highlight Stories of Progress to Build a Better Buture—Hannah Ritchie on the "Sustainability by numbers" Blog
Confessions of a Supply-Side Liberal
by Miles Kimball
2M ago
..read more
Visit website
How Did the US Achieve a Soft Landing—Noah Smith
Confessions of a Supply-Side Liberal
by Miles Kimball
3M ago
..read more
Visit website
Correlation Is Not Causation
Confessions of a Supply-Side Liberal
by Miles Kimball
3M ago
link to source tweet ..read more
Visit website
Zombie Firms, Risk-Taking and Interest Rates
Confessions of a Supply-Side Liberal
by Miles Kimball
4M ago
Link to the YouTube video shown above. h/t Torsten Slok The video above is a nice discussion of zombie firms, with a bit of discussion of “cash” vs. risky assets toward the end. I was reminded of two passages I wrote in my post “Contra John Taylor,” in 2013: ********** Low rates and zombie loans. The low rates also make it possible for banks to roll over rather than write off bad loans, locking up unproductive assets.  This is one of John’s best and most interesting points. It is a quirk of traditional loan contracts that the repayment rates expected by lenders are sometimes slower when n ..read more
Visit website
A Good Attitude: Brad DeLong on the Beauty of Economics as Gift Exchange on a Grand Scale
Confessions of a Supply-Side Liberal
by Miles Kimball
5M ago
..read more
Visit website

Follow Confessions of a Supply-Side Liberal on FeedSpot

Continue with Google
Continue with Apple
OR