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Search Results : Paul Krugman


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Paul Krugman: Conquest Is for Losers

War. What is it good for?: Conquest Is for Losers, by Paul Krugman, Commentary, NY Times: More than a century has passed since Norman Angell, a British journalist and politician, published “The Great Illusion,” a treatise arguing that the age...

The Keynesian PhD Brigade Strikes Again: Sweden’s Riksbank Joins The ZIRP Mania

Submitted by David Stockman via Contra Corner blog, Folks, it’s a tyranny of the PhDs. Recently the central bank of Sweden was subject to a withering tirade by that oracle of Keynesian rubbish, professor Paul Krugman, who accused it of “sado-monetarism” for leaving the Swedish economy exposed to the mythical economic disease of “deflation”. Show More Summary

Language games and expectations of "doing nothing"

If I make one very trivial change to Paul Krugman's model of a temporary liquidity trap, I can change the results, so that the central bank can use current monetary policy to return the economy to full employment, even if...

Krugman: Putin's Bubble Bursts

Paul Krugman: If you're the type who finds macho posturing impressive, Vladimir Putin is your kind of guy. Sure enough, many American conservatives seem to have an embarrassing crush on the swaggering strongman. "That is what you call...Show More Summary

Inflationistas and liquidity trappers

For six years Paul Krugman has been engaged in an intellectual war against the forces of evil on the right.  Those who claim that monetary stimulus would lead to high inflation.  Over that same period I’ve been engaged in a three-way struggle; market monetarism against the forces of misguidedness on both the left and the […]

(Early) Monday DeLong Smackdown Watch: Paul Krugman: The Simple Analytics of Monetary Impotence

Paul Krugman: [The Simple Analytics of Monetary Impotence](http://krugman.blogs.nytimes.com/2014/12/19/the-simple-analytics-of-monetary-impotence-wonkish/?module=BlogPost-Title&version=Blog Main&contentCollection=Opinion&action=Click&pgtype=Blogs®ion=Body): "Monetary policy at the zero lower bound.... Show More Summary

Markets describe reality; models should explain market reactions

(December 20, 2014 10:25 AM, by Scott Sumner) Paul Krugman has a new post that explains why he is pessimistic about monetary stimulus at the zero bound. He briefly describes his 1998 paper on the zero bound problem. This paper shows that if base money and bonds are... (0 COMMENTS)

Monetary policy is always and everywhere about expectations

Paul Krugman is frustrated because people aren't taking his model of the liquidity trap seriously. OK, let me take it seriously. Suppose Paul's model is 100% true. And suppose that Paul's model economy is humming along nicely, at full employment,...

Lunchtime Must-Read: Paul Krugman: Switzerland and the Inflation Hawks

Paul Krugman: [Switzerland and the Inflation Hawks](http://krugman.blogs.nytimes.com/2014/12/19/switzerland-and-the-inflation-hawks/?smid=tw-NytimesKrugman&seid=auto): "A lot of people have been predicting soaring inflation... >...since 2009 if not earlier, and have refused to change their views.... Show More Summary

Putin's Steroids Take a Toll

Take a look Paul Krugman's column on the rapid deterioration of the Russian economy. The drop in oil prices has of course played a central role in Russia's woes. The sanctions regime stemming from the Ukraine crisis has played a major contributing role. Show More Summary

Fed 2015 / ECB 2011 comparison flawed

Paul Krugman recently drew a parallel between the Federal Reserve’s plans to raise interest rates in 2015 and the ECB’s ill-fated 2011 policy tightening, which was swiftly followed by a recession. The monetary context, however, is very...Show More Summary

Paul Krugman: Putin’s Bubble Bursts

The Russian economy is in trouble: Putin’s Bubble Bursts, by Paul Krugman, Commentary, NY Times: If you’re the type who finds macho posturing impressive, Vladimir Putin is your kind of guy. Sure enough, many American conservatives seem to have an...

Morning Must-Read: Paul Krugman: The Limits of Purely Monetary Policies

Paul Krugman: [The Limits of Purely Monetary Policies](http://krugman.blogs.nytimes.com/2014/12/16/the-limits-of-purely-monetary-policies/): "I understand where Evans-Pritchard is coming from... >...because I’ve been there.... I had my road-to-Damascus moment... Show More Summary

Over at Equitable Growth: I Hate Those Blurred Lines! Monetary Policy and Fiscal Policy: Daily Focus

[Over at Equitable Growth][1]: Paul Krugman: [The Limits of Purely Monetary Policies](http://krugman.blogs.nytimes.com/2014/12/16/the-limits-of-purely-monetary-policies/): "I understand where Evans-Pritchard is coming from... >...because I’ve been there.... Show More Summary

Russia: Seems Like Old Times

As I watch the financial meltdown in Russia (and work on a chapter on financial crises), I am pervaded by a sense of déjà vu. As Paul Krugman notes, the unfolding of the crisis is not mysterious, although the timing — and ferocity — is somewhat unexpected. Figure 1 depicts the collapse in the ruble […]

Krugman on the limits of monetary policy

Here’s Paul Krugman, in his pessimistic mood: You might think that it’s a fundamental insight that doubling the money supply will eventually double the price level, but what the models actually say is that doubling the current money supply and all future money supplies will double prices. If the short-term interest rate is currently zero, […]

'The Ruble and the Textbooks'

Paul Krugman: The Ruble and the Textbooks: OK, this is a bit funny: This morning Tim Duy addresses the woes of the ruble, which is in free fall despite a big rate hike, and declares that it “appears really quite...

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