tag:blogger.com,1999:blog-6837159629100463303.post5732110143883404698..comments2023-06-18T01:25:08.748-07:00Comments on Information Transfer Economics: Visualizing the interest rateJason Smithhttp://www.blogger.com/profile/12680061127040420047noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6837159629100463303.post-9644767506236555142014-01-16T17:16:04.664-08:002014-01-16T17:16:04.664-08:00One thing that doesn't make sense in this pict...One thing that doesn't make sense in this picture is that the "boundary" path in {MB, NGDP} space can intersect itself (e.g. as it appears to do in near the year 2000 and during the current crisis).<br /><br />This path in 2D is also not consistent with other uses of the "plucking" model, say, here:<br /><br />http://informationtransfereconomics.blogspot.com/2013/12/this-plucking-model.html<br /><br />Overall, it seems as though the 3D price level surface should act as the boundary -- that may be the subject of a future post.Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.com