A new monetary economics blog
Alex Jutca has a new blog on monetary economics. In one post he discusses a lunch he had with Greg Mankiw:
One of the salient characteristics you first note about Professor Mankiw is that he’s unfailingly polite and measured. He responded that he very much agreed with Bernanke’s policy decisions over his tenure, and went so far as to call him a “hero” a la Roger Lowenstein. He laughed that he was one of President Bush’s three finalists to replace Alan Greenspan, remarking that he didn’t even know it at the time. Bernanke’s stewardship of the economy during the financial crisis is evidence that he was the right man for the job, he said.
I once had lunch with Mankiw and noticed the same personality characteristics.
It looks like a good blog—I like his views on monetary policy.
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9. March 2013 at 13:08
Alex Jutca’s blog title should have been
THOU_SHALT_NOT_CRITICIZE_THE_FED_OR_ELSE_I_WILL_AD_HOMINEM_YOU.com.org.com.gov
9. March 2013 at 13:21
Go along to get along, lead the pack by defining the starus quo of the pack.
9. March 2013 at 13:22
status
9. March 2013 at 15:05
Well, that’s the first good thing I’ve ever heard about Bernanke — but for him, we might have had Mankiw.
9. March 2013 at 17:51
What’s your favorite Herzog movie?
9. March 2013 at 18:31
dirk, “Lessons of Darkness”—Sublime
9. March 2013 at 21:16
Dr. Sumner, it may not be proper to ask here but your recent blog post on Canada has already been in the next page, I guess it will be the best to ask you a question on it here. Do you think export should be included in AS, instead of AD, unlike the Keynesian model? I have thought including export in AD is a little problematic in measuring national income because it is not purchased within the border. Import is also reflected in domestic consumption or investment, so it may not be right to include import in measuring national income as a negative component. Just excluding the entire net export from AD and including export in AS might be better calculation because first export should be a part of domestic supply but not a part of domestic expenditure. Do you think my understanding makes sense?
11. March 2013 at 06:18
Chun, I answered that earlier.