tag:blogger.com,1999:blog-6837159629100463303.post6457292397419840753..comments2023-06-18T01:25:08.748-07:00Comments on Information Transfer Economics: The MANetaristJason Smithhttp://www.blogger.com/profile/12680061127040420047noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6837159629100463303.post-38310644212565887132013-08-16T09:28:54.851-07:002013-08-16T09:28:54.851-07:00This Krugman post is also relevant
http://krugman...This Krugman post is also relevant<br /><br />http://krugman.blogs.nytimes.com/2013/01/14/all-our-base-are-belong-to-us-wonkish/<br /><br />However, the information transfer view does not rely on these mechanisms (e.g. dollars are close substitutes for treasuries) and instead says we have so many "bits" (dollars) out there to measure the information transfer that additional bits aren't going to help.Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-59187301828351616372013-08-16T09:18:42.860-07:002013-08-16T09:18:42.860-07:00Krugman has a little more on the role of reserves ...Krugman has a little more on the role of reserves (in the monetary base) today<br /><br />http://krugman.blogs.nytimes.com/2013/08/16/banks-and-the-monetary-base-wonkish/<br /><br />Also, I didn't want to make it seem like the basic idea of the monetary base controlling the price level itself was ideological; it is a relatively good first order approximation. I talk about it some here ...<br /><br />http://informationtransfereconomics.blogspot.com/2013/06/which-is-failing-itm-or-qtm.html<br /><br />... and will talk about it more in the next post.Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.com