tag:blogger.com,1999:blog-6837159629100463303.post9010952518814902124..comments2023-06-18T01:25:08.748-07:00Comments on Information Transfer Economics: What do exchange rates measure?Jason Smithhttp://www.blogger.com/profile/12680061127040420047noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6837159629100463303.post-82516232147735144402014-09-06T18:05:27.133-07:002014-09-06T18:05:27.133-07:00Jason, I read that "conversation" betwee...Jason, I read that "conversation" between you and Scott about four times... scratching my head at his response. I felt like I wanted to explain to him what you found, but what you're saying takes a little bit of thought to understand... not much, but a little... so I just alerted you and left it alone. I couldn't figure out how to write something which wouldn't get a one liner reply (if any).<br /><br />Yes, that's a very succinct way to put it. Tom Brownhttps://www.blogger.com/profile/17654184190478330946noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-23495881926737734612014-09-06T09:57:49.454-07:002014-09-06T09:57:49.454-07:00"Eurozone inflation makes the dollar price of..."Eurozone inflation makes the dollar price of euros fall, not rise."<br /><br />This is not empirically true (as shown above) -- we have Xeu,us ∝ M0eu and P ∝ M0eu. And the reason it is not true is that both supply and demand matter.Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-26166884882765206952014-09-06T09:36:51.427-07:002014-09-06T09:36:51.427-07:00He came back with another one liner.He came back with another one liner.Tom Brownhttp://www.google.comnoreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-67412822914249974932014-09-05T15:22:44.346-07:002014-09-05T15:22:44.346-07:00Yes, but Sumner usually refers to "base money...Yes, but Sumner usually refers to "base money" where the large increases in reserves aren't 'expected' to be a part of it :)Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-45395670208580502442014-09-05T15:19:51.467-07:002014-09-05T15:19:51.467-07:00... you could just shorten it to "currency.&q...... you could just shorten it to "currency." I don't think anybody cares about bales of uncirculated currency at the BEP or the Fed.Tom Brownhttps://www.blogger.com/profile/17654184190478330946noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-24998476838635401412014-09-05T10:36:24.013-07:002014-09-05T10:36:24.013-07:00I sometimes get tired of writing "currency co...I sometimes get tired of writing "currency component of the base", to my own chagrin ...<br /><br />I responded back at Sumner's blog.Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-55649155925427271232014-09-04T20:25:48.011-07:002014-09-04T20:25:48.011-07:00Did you really mean "base" in your comme...Did you really mean "base" in your comment to Scott? He replied BTW<br /><br />http://www.themoneyillusion.com/?p=27438#comment-363651Tom Brownhttps://www.blogger.com/profile/17654184190478330946noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-63055658967970344212014-09-04T19:51:51.551-07:002014-09-04T19:51:51.551-07:00Thanks Tom!
Once I built a Mathematica function t...Thanks Tom!<br /><br />Once I built a Mathematica function to import FRED data, everything got a little easier :)Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-62962578992625627232014-09-04T18:53:30.841-07:002014-09-04T18:53:30.841-07:00Jason, you are by far the hardest working amateur ...Jason, you are by far the hardest working amateur econ blogger out there! Lol... or the scary thing is you aren't... you just have an incredibly easy time jumping from one analysis to another. Bravo sir!Tom Brownhttps://www.blogger.com/profile/17654184190478330946noreply@blogger.com