korrents

← The price level behaves as the aggregate of mostly backward-looking…

On the map

8 connected korrents · 7 moments on record from 11 Feb 2019 to 3 Sept 2024.

Same subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subject The price level behaves asthe aggregate of mostlybackward-looking decisions… OB Olivier Blanchard — holds since 2022-06-01 The probability of a self-fulfilling bad equilibrium in sovereign debt markets depends little on the debt level itself, but is much reduced by a rule linking the primary balance to debt service increases. The probability of aself-fulfilling bad… OB Olivier Blanchard — holds since 2022-06-01 When safe interest rates are expected to remain below growth rates for a long time, rolling over public debt without later tax increases is feasible and public debt may carry no fiscal cost. When safe interestrates are expected to… OB Olivier Blanchard — holds since 2019-02-11 OB Olivier Blanchard — turned since 2023-11-06 Interest rates have little effect on investment, and central banks have limited control over real interest rates. Interest rates havelittle effect on… TC Tyler Cowen — holds since 2023-10-01 The stock market has become less informationally efficient over the past thirty-plus years, particularly in the relative pricing of common stocks over medium horizons. The stock market hasbecome less… CA Cliff Asness — holds since 2024-09-03 Stocks sustained by persistent online attention can stay overpriced for long periods, so overvaluation alone does not imply a near-term correction. Stocks sustained bypersistent online… NS Noah Smith — holds since 2022-07-25 The value-versus-growth distinction does not serve investors well in a fast-changing world. The value-versus-growthdistinction does not… HM Howard Marks — holds since 2021-01-11 Neither monetarist money-supply-focused models nor Keynesian macro models have outperformed simple random-walk models at forecasting the macroeconomy. Neither monetaristmoney-supply-focused… TC Tyler Cowen — holds since 2023-10-01 Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total. Central bank purchasesof government bonds are… OB Olivier Blanchard — holds since 2022-06-01
same subject