Macroeconomic Updates

I just finished reading Paul Krugman’s 6800 word rant in the New York Times on the fields of finance and macroeconomics.  Thanks Tom, Prabhudev and the 40 or so other people who sent it to me!  (See “How Did Economists Get It So Wrong?” The New York Times, Sept. 6, 2009)
In usual Krugman form, he [...]

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One of the issues I am contemplating (and have mentioned in one of the video posts) is the future of macroeconomics.  If you think about the history of macroeconomics we have had two major revolutionary changes:  the Keynesian Revolution of the 1930s and the Rational Expectations Revolution of the 1980-90s [...]

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On Monday Treasury Secretary Timothy Geithner laid out his “Public-Private Investment Program” which is designed to buy up the toxic assets off banks’ balance sheet. The general idea is that Geithner does not want only the government to buy up these toxic assets because, in part, there is a fear that the government [...]

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Here are some things to think about in regard’s to the President’s speech to Congress on February 24th.

All the Best,
M. Brandl

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Yesterday President Obama laid out his administration’s plan to stabilize the home mortgage market. Details of the plan are expected to be released on March 4th. Below is a summary of the plan, as well as the arguments in favor and against the plan. As usual I will try to present [...]

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Here is an open letter to the President of the United States.
Dear President Obama,
After having watched your first new conference last night and having read Secretary Geithner’s speech this morning, please allow me to offer the following (non-partisan) economic policy advice:
1. Don’t try to scare the American people. Yes, we are currently in [...]

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