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Tag Archives: John Cochrane
One more time for the world: There is no simple relationship (if any) between Taylor-rule coefficients and policy preferences
The lack of a relationship between the size of the coefficients in a Taylor rule for monetary policy conduct and the underlying preferences for stabilization of macroeconomic goals is well known. I often have it as a check subject in … Continue reading
Posted in Economists, Monetary policy
Tagged Inflation targeting, John B. Taylor, John Cochrane, Lars Svensson, Taylor rule
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US Output Gap: Still negative
John Taylor recently showed how the United States is currently much farther away from returning to “potential output” compared with the recession of the early 1980s, where above-average output growth during the recovery secured a return to the potential output … Continue reading
New-Keynesian explosions: The Cochrane interpretation and explosive solution
John Cochrane has some interesting comments on New Keynesian economics in his latest blog post on “New Keynesian Stimulus“. The interesting is not the part of the blog-literature to which it also contributes; the part about mudslinging in fiscal stimulus … Continue reading
John Cochrane on QE2
I have previously mentioned John Cochrane on this blog as a good example of an economist who insists on using sound academic arguments in even the most heated debates. That this does not imply death by boredom, he shows in … Continue reading
Posted in Economists
Tagged Ben Bernanke, Federal Reserve, John Cochrane, Quantitative easing
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The Fiscal Multiplier Wrestling Marathon
Welcome to the academic wrestling match of the recent years. In the left corner, Paul Krugman (with assistance from Bradford DeLong)! In the right corner, John Cochrane (with assistance from Eugene Fama)! They will fight over the size of the … Continue reading
