Monday, September 27, 2021
Friday, September 24, 2021
If we go beyond the shameless self-serving plugs, it is quite easy to summarise my views.
Tuesday, September 21, 2021
With all the debate about the persistence of inflation, one natural thing to ask is: what is the market pricing? Unfortunately for those who are selling a “return to the 1970s” narrative, “Mr. Market” is firmly in the camp of “Team Transitory.” Of course, one imagines that the immediate response is that the “markets are wrong.” Since many of the people in the “inflation is coming!” crowd are also in the “markets are always right” camp, there is a good chance they might modify the argument to “markets are wrong according to some affine term structure model.”
(Note: The server issues that stopped me from posting this yesterday are obviously sorted.)
Friday, September 17, 2021
Tuesday, September 14, 2021
I put up a post on my Patreon about the latest additions to my agent-based modelling package. Although it did not add new content to the model, this work will now make it easier to add new complex agents to the mix.
Friday, September 10, 2021
Tuesday, September 7, 2021
NOTE: This is an unedited draft of a section that will make its way into my inflation primer. I have kept this section minimal, but may add more later during editing.