Mike Norman Economics

An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.

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Showing posts with label NGDP. Show all posts

Showing posts with label NGDP. Show all posts

Thursday, December 1, 2016

The Arthurian — A new "real debt" calculation

I thought of an easier way to do the "real" calculation for data that accumulates over multiple years. Debt is the obvious exampl...

Friday, August 26, 2016

Bill McBride — Fed policy and NGDP

Fed caught between a rock and hard place. They want to begin tightening, but NGDP won't cooperate. The "inflation" continues...

Monday, December 23, 2013

Scott Sumner — How many economists can answer this question?

What Scott sumner illustrates is that he cannot. This post makes absolutely clear how Prof. Sumner is clueless about about monetary economi...

Saturday, December 21, 2013

Ed Dolan — Latest Economic Growth Data Give Cheer to Market Monetarists, or, What is the NGDP Gap and Why do we Care?

The NGDP gap is equal to potential NGDP minus actual GDP. If the economy is operating below potential, the gap is negative. If it is tempor...

Thursday, September 13, 2012

QE3 announced, ho-hum

Much ado about nothing. More asset swapping, nothing that might boost effective demand directly, and low probability it will have much of an...

Tuesday, March 6, 2012

Scott Sumner explains market monetarism

Read it at The Money Illusion What is market monetarism? by Scott Sumner (h/t Mark Thoma) Still clueless.

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