X believes in nominal rigidities, I believe only in productivity shocks
X believes in coordination failures; I dont give a damn to externalities and believe firmly in government failures
X thinks the Fed and depressed animal spirits caused the great depression; I think it was a bad productivity shock followed by distortionary macro policies in the labor market
X regresses sometimes; I only calibrate
X teaches macro; I only teach micro
X cares about inequality; I think lazy people shouldnt be helped out
X studies french; I study german
X defines himself as a social-democrat; I am a libertarian
To contigo Antoninho de Botucatuca
ResponderExcluirEcunesp
Provavelmente a verdade está num ponto médio tendendo pro Antoninho :P
ResponderExcluirEcunesp
Mas não era o X que frequentemente aconselha ler o MWG?
ResponderExcluirYes, Tks! Hey antoninho, what the fuck!?
ExcluirI always tell the students to focus on micro theory...you were unjust this time...
Productivity shocks cant possibly explain the Depression, tell H.Cole yourself!
Economista X, o que você acha da hipótese de que toda depressão é um fenômeno monetário ?
ResponderExcluirA idéia consiste na Identidade ( ou Lei ) de Walras
Somatório da Oferta dos n Mercados = Somatório da Demanda dos n mercados
separando em mercado monetário e os demais n-1 mercados vc tem
O(moeda) + O(n-1) = D(moeda) + D(n-1)
O(n-1) - D(n-1) = D(moeda) - O(moeda)
when Money Suplly falling, or Money Demand Rises, we have a ....
General Glut in (n-1) another markets !
when Agregate Suplly (n-1 markets) rising, Agreggate Demanda will rising ONLY if money supply growth more faster than money demand
Ecunesp
Enquanto o Antoninho não citar textos do Von Misses Institute ta valendo . . . Agora rolou uma "telegrafada" ai do Antoninho hehehe "Progress, don't regress" . . .
ResponderExcluir