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Recent Posts

Smith & Keynes: Where DSGE Modeling Needs to Go Next: Away …

The current preoccupation with debt harks back to a long tradition in economic analysis, from Fisher's (1933) theory of debt deflation to Minsky's (1986) back-in-vogue work on financial instability to Koo's (2008) concept of … [...]

Pimco's McCulley Discusses 10-Years, The Yield Curve – Zero Hedge

I deeply respect Mr. Hoenig, both as an economist and as a man, but I just don't see why the Taylor Rule of the Forward Minsky Journey should apply to the Reverse Minsky Journey. Simply put, the 2% real Fed funds rate  … [...]