Vector Autoregressions, Simplicity and Congress

Macroeconomics is not a simple subject and I claim no special knowledge of it. However one of Paul Krugman’s recent blog postings caught my eye if for no other reason than the sheer wonkiness of the title, “Vector Autoregressions And Keynesian Macro.”  In this posting, Krugman references materials in Christina and DavidRoamedr’s Macroeconomic History course. Chapter … More Vector Autoregressions, Simplicity and Congress

Accountability

A premise of accountability is that people should believe what they are saying is true. Speaking in a recent Today Show interview, Representative Michele Bachmann argued that extending the Bush tax cuts for incomes over $250,000 was good for the working class.  As her example she said that a plumber or a carpet layer with … More Accountability