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Sunday, May 27, 2018

Initial Comments On Roger Farmer's Macro Models

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Professor Roger E. Farmer has been developing a macro theory that is built around the notion of animal spirits. ( This article on the Philli...
Friday, May 25, 2018

Euro Crisis (Again)

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Spreads are widening again the euro periphery. It is clear that things could go horribly wrong in the euro area, and so one needs to take ...
4 comments:
Wednesday, May 23, 2018

On The "Everyone Cannot Run Trades Deficits" Argument

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Steve Keen has posted " Some Preliminary Questions for MMT ," in which he questions the Modern Monetary Theory (MMT) mantra that...
29 comments:
Sunday, May 20, 2018

Principles Of Canadian Municipal Finance (And Why A Land Value Tax Is Inferior)

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The funding of Canadian municipal governments is not normally thought of as interesting topic; even Canadian fixed income investors are no...
10 comments:
Wednesday, May 16, 2018

Canadian Housing And Perpetual Motion

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Canadian policymakers have blundered into a perpetual motion machine, which is more commonly referred to as the housing market. By unde...
7 comments:
Sunday, May 13, 2018

Housing Bubbles And Their Financing

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Housing finance is interesting, and offers an interesting take on some theoretical issues. Although the theoretical issues sound abstract,...
8 comments:
Wednesday, May 9, 2018

Business Sector Is The Main Source Of Modelling Uncertainty

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From the perspective of those who work or are interested in finance, it seems obvious that business decisions are a major driver of the bu...
3 comments: