tag:blogger.com,1999:blog-6837159629100463303.post4051159940401037162..comments2023-06-18T01:25:08.748-07:00Comments on Information Transfer Economics: JOLTS data and the counterfactual 2019 recession updateJason Smithhttp://www.blogger.com/profile/12680061127040420047noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6837159629100463303.post-67349422719795979982018-08-08T11:54:45.947-07:002018-08-08T11:54:45.947-07:00Unfortunately the mechanisms would be all in the s...Unfortunately the mechanisms would be all in the shocks that are parameterized but unexplained. It's a failure of the information equilibrium assumption to hold, which could be a failure of ergodicity (agents correlate around a particular set of states in the state space).Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-23341116090692926662018-08-08T09:32:16.064-07:002018-08-08T09:32:16.064-07:00Semi serious question: Since your analyses and fra...Semi serious question: Since your analyses and framework all seem to be pointing to a coming recession, what would be your best information equilibrium explanation for recessions?Todd Zorickhttps://www.blogger.com/profile/10976192775890569092noreply@blogger.com