Information Transfer Economics

A working paper exploring the idea that information equilibrium is a general principle for understanding economics. [Here] is an overview.

Thursday, November 30, 2017

Comparing my inflation forecasts to data

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Actually, when you look at the monetary information equilibrium (IE) model I've been tracking since 2014 (almost four years now with on...
2 comments:
Tuesday, November 28, 2017

Dynamic information equilibrium: world population since the neolithic

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Apropos of nothing (well, Matthew Yglesias's new newsletter where he referenced this book from Kyle Harper on Ancient Rome ), I decided...
Tuesday, November 21, 2017

Dynamic information equilibrium: UK CPI

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The dynamic information equilibrium CPI model doesn't just apply to the US. Here is the UK version (data is yellow, model is blue): ...
Monday, November 20, 2017

Numerical experiments and the paths to scientific validity

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Christiano et al got much more attention than their paper deserved by putting in a few choice lines in it (Dilettantes! Ha!). Several exce...
1 comment:
Friday, November 17, 2017

The "bottom up" inflation fallacy

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Tony Yates has a  nice succinct post  from a couple of years ago about the "bottom up inflation fallacy" (brought up in my Twitte...
1 comment:
Thursday, November 16, 2017

Unemployment rate step response over time

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One of the interesting effects I noticed in looking at the unemployment rate in early recessions with the dynamic equilibrium model was wh...
Wednesday, November 15, 2017

New CPI data and forecast horizons

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New CPI data is out, and here is the "headline" CPI model last updated a couple months ago : I did change the error bar on...
Friday, November 10, 2017

Why k = 2?

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I put up my macro and ensembles slides as a "Twitter talk" (Twalk™?) yesterday and it reminded me of something that has always b...

Interest rates and dynamic equilibrium

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What if we combine an information equilibrium relationship A ⇄ B with a dynamic information equilibrium description of the inputs A and B...
Wednesday, November 8, 2017

A new Beveridge curve or, Science is Awesome

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What follows is speculative, but it is also really cool. A tweet about how the unemployment rate would be higher if labor force participat...
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