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Monday Sticky (self.badeconomics)

wumbotarianI want to be the Walrasian Auctioneer when I grow up[M] が 投稿 - stickied post

I can't think of anything to write.

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トップ新着論争中古い順Q&A

[–]urnbabyurnNeoPanglossian 6ポイント7ポイント  (0子コメント)

Ashley Madison is hacked. Hopefully this will give us a nice big data set on how to not get caught cheating.

[–]irondeepbicycleI got 99 problems but technological unemployment ain't one 4ポイント5ポイント  (2子コメント)

Man, I make a thread about trade and take a Reddit break for the evening, and when I get back there's a long discussion about feminism and triggering and PTSD and perceived racism. Can you not police yourselves, people!?

[–]HealthcareEconomist3Krugman Triggers Me 2ポイント3ポイント  (1子コメント)

More of note was when the post was made it included "Note: I don't think you meant any offense, but things started getting dicey down thread." there was nothing being discussed at all on these issues elsewhere in the thread, the one true macro god made a funny about how an idiot claimed economists oppose free trade triggered him and someone saw an attack on feminism.

I was the first person to show up and act like an asshole about it, the original slight was entirely imagined.

[–]irondeepbicycleI got 99 problems but technological unemployment ain't one 2ポイント3ポイント  (0子コメント)

I thought it was fun to read, for the record. I'm not really complaining, just observing how off topic the thread got.

[–]NewmanTheScofflawGeorge Smiley 2ポイント3ポイント  (1子コメント)

Confirmed, my Monday is sticky. If only I could tax humidity.

[–]a_s_h_e_nA stable currency, like bitcoin 1ポイント2ポイント  (0子コメント)

tell me about it, the only break we get from the heat/humidity comes in the form of torrential downpours.

[–]HealthcareEconomist3Krugman Triggers Me 2ポイント3ポイント  (1子コメント)

Something interesting to consider with the recent wave of drug decriminalization.

[–]irondeepbicycleI got 99 problems but technological unemployment ain't one 0ポイント1ポイント  (0子コメント)

In Utah, the push to legalize medical marijuana is by a state Senator who was on prescription opioids, and almost accidentally overdosed. He was rushed to the hospital and managed to survive. Then he drove to Colorado and started using weed, and now he's pushing for dispensaries in Utah.

[–]0729370220937022 2ポイント3ポイント  (0子コメント)

Can we talk about brigading? With /r/BE getting more popular we are starting to affect the linked comments vote totals more.

I know we use NP links but sometimes it seems like its not enough. Do you guys think we should do anything about this? If so, what do you think we should do?

[–]UltSomnia 1ポイント2ポイント  (0子コメント)

Reminder that crash course economics is now a thing with a juicy comments section.

[–]IntegraldsI am the rep agent AMA 1ポイント2ポイント  (0子コメント)

Subfield Primers

Business Cycles

  1. Kydland and Prescott, Real Facts and a Monetary Myth. We need to start with data; this paper reviews the "business cycle facts." Don't let your eyes glaze over when you see the tables; they contain important information about volatilities, correlations, and autocorrelations.

  2. Romer and Romer, What Ends Recessions? This paper makes the case that monetary policy ended most recessions and contains a nice review of economic history in the US since 1945. Also read Cochrane's comments at the end.

  3. Cochrane, Shocks. This paper reviews what we know, and don't know, about the sources of business cycles. Also read Rotemberg's comment. A more up-to-date review is in Ramey's latest handbook chapter, due out next year. Both Cochrane's paper and Ramey's paper use vector autoregressions, which are the main tool used by macroeconomists to summarize macro data.

  4. Smets and Wouters, Shocks and Frictions. You're not getting out of here without reading a DSGE paper. This is the "standard medium scale model" and is notable for being one of the very few DSGE papers to make it into the AER.

Monetary Economics

  1. McCandless and Weber, Some Monetary Facts. This paper reviews the evidence for two key monetary propositions: the quantity theory linking M to P in the long run, and the neutrality proposition linking M to Y in the long run.

  2. Romer and Romer, A New Measure of Monetary Policy Shocks. This is, I think, our best evidence on the short-run effects of monetary policy shocks. Also read Cochrane's comments.

  3. Friedman, The Role of Monetary Policy. This one should speak for itself. Read every paragraph carefully.

  4. I already asked you to read Smets and Wouters, so this time I'll make you read Christiano, Eichenbaum,and Evans, Nominal Rigidities. This is the "other" medium-scale DSGE model used as a basis for policy analysis.

  5. Gali and Gertler, The NK Approach to Policy Analysis, is a JEP that outlines some of the normative stuff we do.

I think /u/commentsrus asked me to deliver on this last thread.

[–]dagio_ 0ポイント1ポイント  (0子コメント)

Over an hour later and neither the Botswana nor Namibia statistics office websites will load. Happy Monday.