Brian Romanchuk's commentary and books on bond market economics.
Latest Book - SFC Models/Python
SFC & MMT
Sunday, December 17, 2017
Comments On Structuring An Agent-Based Economic/Financial Simulator
One of the problems with standard stock-flow consistent (SFC) models is that price determination is somewhat difficult to model. (In fact,...
Wednesday, December 13, 2017
Comments On Short-Dated Breakeven Inflation
In an earlier article, I commented on the usefulness of breakeven inflation as an inflation forecast . This article continues that line of...
Sunday, December 10, 2017
Equations In Stock-Flow Consistent Models
I had some communications with a reader Adam K. who is doing some work on stock-flow consistent (SFC) models. He had some questions about ...
Saturday, December 9, 2017
Bitcoin As A Vindication Of Mainstream Monetary Economics
Say what you want about the backers of Bitcoin, they managed to create a currency unit that acts in the insane fashion that matches the wa...
Wednesday, December 6, 2017
Is Breakeven Inflation The Same Thing As A Forecast?
One of the difficulties in discussing the index-linked market is pinning down what we mean when say a certain rate of inflation is priced ...
Sunday, December 3, 2017
Robust Control Theory And Model Uncertainty
Mainstream mathematical economics has a very strong influence from optimal control theory. As I discussed previously , optimal control was a...
Saturday, December 2, 2017
Republicans Cut Taxes. Sun Rises In The East.
At the time of writing, it appears that the Republican-controlled Congress will be able to patch together a tax cut bill. What exactly wil...
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