Sunday, November 7, 2021

Comparing the DIEM and the FRB/US model

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Per a question in my Twitter DMs, I thought I'd do a comparison between the Dynamic Information Equilibrium Model (DIEM)  and the FRB/US...
Saturday, July 31, 2021

The recession of 2027

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 From my " Limits to wage growth " post from roughly three years ago: If we project wage growth and NGDP growth using the models, ...
2 comments:
Sunday, April 25, 2021

Implicit assumptions in Econ 101 made explicit

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One of the benefits of the information equilibrium approach to economics is that it makes several of the implicit assumptions explicit. O...
2 comments:
Saturday, April 24, 2021

Eight years of blogging

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I spent the past week on Twitter putting up a list of my favorite posts on the blog as a kind of Irish wake for the form for the blog's...
Sunday, February 28, 2021

Ongoing evolution of time series after the COVID-19 shock

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I haven't been blogging much the past two years — due to a) work taking nearly all of my energy, and b) the near daily update of data ar...
Thursday, December 10, 2020

Initial claims and other COVID-19 shocks

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Back in June of 2020, I posted an estimate of the future path of initial claims  [1] on Twitter (click to enlarge): While the rate of impro...
Sunday, December 6, 2020

Qualitative economics done right, part N [1]

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I seem to have involved myself in a Twitter dispute with economist Roger Farmer about what it means to make macro models — or more broadly ...