- Are ECB’s Greek bond purchases really irrelevant for the private sector?
- Is Greg getting bailed out by his rich uncle?
- Taylor legislation? Rules versus discretion misunderstood
- Partisanship and dismal economics blogging
- Chris Auld’s 18 signs
- The case for negative nominal interest rates and how to attain them: Revisiting the Buiter-Eisler approach
- No Negative Rates in Euroland (yet)
- Reinhart and Rogoff’s coding mistake: Much Ado About Nothing
What is going on here?American Economic Review Ben Bernanke Central bank governance Central bank independence central banks Christopher A. Sims debt crisis debt rating Economic schools economists' joke Euro European Central Bank European Union Federal funds rate Federal Open Market Commitee Federal Reserve Financial crisis Fiscal multiplier Fiscal stimulus forecasting Gavin Davies Government bonds inflation Inflation targeting interest rate Jean Claude Trichet John B. Taylor John Cochrane John Maynard Keynes Lars Svensson Mario Draghi Michael Woodford Milton Friedman N. Gregory Mankiw New-Keynesian models Nobel Prize Paul Krugman policy rules Public debt Quantitative easing Ramsey model Ricardian Equivalence Securities Markets Programme seigniorage Standard & Poor's Taylor rule Thomas J. Sargent Treaty on European Union Unconventional monetary policy United States
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Tag Archives: power indices
Nobel awarded to Roth and Shapley: Personal nostalgia
Today, the “Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2012” was awarded to Alvin E. Roth and Lloyd S. Shapley “for the theory of stable allocations and the practice of market design”. As always when the Nobel is decided, I realize that I should not be one giving out the prize. Along with many, I try to make clever predictions, which always fail. On the other hand, when the prize is being awarded, I almost always find that the choice is obvious and natural. This year is no exception. I will spare you for my failed prediction(s), but applaud this year’s choice. Roth and Shapley … Continue reading
Posted in Economic Sciences, Economists Tagged Alvin Roth, coalition power, Lloyd Shapley, Nobel Prize, power indices, Shapley value, Shapley-Shubik index Comments Off on Nobel awarded to Roth and Shapley: Personal nostalgia