tag:blogger.com,1999:blog-6837159629100463303.post3136457876512376430..comments2023-06-18T01:25:08.748-07:00Comments on Information Transfer Economics: Is human agency Noah's big unchallenged assumption?Jason Smithhttp://www.blogger.com/profile/12680061127040420047noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6837159629100463303.post-85837685052418813042015-09-02T11:02:28.954-07:002015-09-02T11:02:28.954-07:00Actually, I am:
http://informationtransfereconomi...Actually, I am:<br /><br /><a href="http://informationtransfereconomics.blogspot.com/2015/09/machine-learning-and-implicit-theorizing.html" rel="nofollow">http://informationtransfereconomics.blogspot.com/2015/09/machine-learning-and-implicit-theorizing.html</a>Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-13279060997932504712015-09-02T08:00:31.561-07:002015-09-02T08:00:31.561-07:00Jason, are you familiar with this "machine le...Jason, are you familiar with this "machine learning" topic Noah brings up here?:<br />http://www.bloombergview.com/articles/2015-09-01/economics-has-a-math-problem<br />What's your opinion?Tom Brownhttps://www.blogger.com/profile/17654184190478330946noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-89701178704337108002015-09-01T14:37:41.394-07:002015-09-01T14:37:41.394-07:00Thanks.
This is the most recent post on the Cana...Thanks. <br /><br />This is the most recent post on the Canada model: <br /><br /><a href="http://informationtransfereconomics.blogspot.com/2015/06/celebrating-500-posts-with-predictive.html" rel="nofollow">http://informationtransfereconomics.blogspot.com/2015/06/celebrating-500-posts-with-predictive.html</a><br /><br />I actually have a draft post that I wrote up on the plane last week about Nick Rowe's question about why inflation targeting averted a recession in 1996 vs 2008 (and I guess now 2015). I'll see if I can get some time to finish it up later today.<br /><br />But the key thing is that as time goes on the max achievable inflation rate falls. If your target is below that, you won't have recessions with inflation targeting. If your target is above -- or close to -- the max (as it is today and was in 2008), inflation targeting won't avert recessions.<br /><br />I wouldn't say I predicted a recession in 2015 itself, I only predicted that inflation targeting wouldn't avert a recession (or mitigate it as effectively).Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-81676454941872024412015-09-01T14:29:55.973-07:002015-09-01T14:29:55.973-07:00Ha! Funny :)Ha! Funny :)Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-18431020387617481502015-09-01T11:59:52.931-07:002015-09-01T11:59:52.931-07:00Off topic, but your prediction about Canada experi...Off topic, but your prediction about Canada experiencing a slowdown (too lazy to look it up) is very on point! Canada officially considered in recession as of 5 hrs ago...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-12031541621419322752015-08-31T20:58:37.600-07:002015-08-31T20:58:37.600-07:00Lol... thanks. Yeah, you were a few layers deeper ...Lol... thanks. Yeah, you were a few layers deeper than I was on that. I had to look up bishop Berkeley too. I learned something though. (c:Tom Brownhttps://www.blogger.com/profile/17654184190478330946noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-14440259196215094212015-08-31T19:30:47.783-07:002015-08-31T19:30:47.783-07:00Sorry, It was tongue in cheek. I was making a refe...<br />Sorry, It was tongue in cheek. I was making a reference to the instances in which the posts in this blog mention noah deleting comments.<br /><br />For example: <br />http://informationtransfereconomics.blogspot.com/2014/11/in-which-i-agree-with-john-cochrane.html<br /><br />The "vanishing quantities" is a nod to bishop Berkeley.<br /><br />It was a poor attempt at some comedic relief, by implying that the reason for the deleted comments is plagiarism. <br />elihttps://www.blogger.com/profile/10220404092693775249noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-61910995574403243602015-08-31T16:05:45.669-07:002015-08-31T16:05:45.669-07:00Hi eli,
I don't know you mean by "the gh...Hi eli,<br /><br />I don't know you mean by "the ghost of vanishing quantities." By "some of these posts" you mean comments to Jason's posts here?Tom Brownhttp://www.google.comnoreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-33905626042006385392015-08-31T14:56:34.161-07:002015-08-31T14:56:34.161-07:00Ha. Very funny diagram. Very early on, in consult...Ha. Very funny diagram. Very early on, in consulting, you realize that the solution to every question is almost always more consulting. <br /><br />Tom, <br /><br />In an attempt to stir the pot, <br />perhaps this explains the "the ghost of vanishing quantities" (comments) mentioned in some of these posts. elihttps://www.blogger.com/profile/10220404092693775249noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-43549008648822761972015-08-31T14:16:49.752-07:002015-08-31T14:16:49.752-07:00Jason, I knew you'd notice that post from Noah...Jason, I knew you'd notice that post from Noah (I left you a comment about the one from Cochrane).<br /><br />Noah even used the "modeling framework" terminology, which I don't see on the usual blogs I visit (except here of course).<br /><br />Hilarious flow diagram BTW.Tom Brownhttp://www.google.comnoreply@blogger.com