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Tag Archives: economists’ joke
The Real Ariel Rubinstein. Exposed at his 60th birthday
A couple of months ago, one of the world’s leading game theorists (its unclear whether he would like to be called that anymore, but it is what he is generally considered to be), turned 60. To celebrate the occasion, some of his students prepared a “Festschrift” to his honor. This is definitely not a normal piece. On the contrary! It is presented as a collection of “leaked” documents disclosing various moments in the academic life of Rubinstein. It even has a foreword by Julian Assange (or does it?). Everything is very nonsensical and completely hilarious. It is academic economist humor at the highest level. So I would really encourage you … Continue reading
Posted in Economists
Tagged Ariel Rubinstein, economists' joke
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Simple Policy Rules or Simple Consumption Rules? A Semi-serious Comparison Based on Brain Usage
Let me start this post with a warning. As indicated by the title, it will involve semi-serious thoughts, which in this case is equivalent to semi-humorous thoughts. So the contents are intended as a sort of economists’ joke (which may not be funny to that many, if any, besides me). Also, in order to understand the fun, it will require some knowledge about graduate dynamic macroeconomics, more specifically the continuous-time Ramsey-Kass-Koopmans model. With this warning, I proceed. In recent macroeconomic literature on monetary and fiscal stabilization policies, researchers often characterize the optimal stabilization policy in a conventional public-finance fashion. Then, many argue that such a policy is too complicated to … Continue reading
Posted in Macroeconomics, Monetary policy
Tagged economists' joke, Lars Svensson, policy rules, Ramsey model, Taylor rule
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