Debunking Bernanke’s Financial Accelerator Model
Recently, I engaged in a Twitter exchange in which I asserted the financial accelerator model proposed by Bernanke, Gertler and Gilchrist was... Read More
The Future of China’s Banking System
China’s current banking system reminds me a lot of the US banking system in the 1920s: opaque and therefore primed for funding... Read More
Is Economics Relevant If PhD Economists Cannot Accurately Forecast Economy?
The Great Financial Crisis was a watershed moment for Economics. The failure of the profession to forecast the crisis and its subsequent... Read More
Ideology and Lack of Mathematical Razzle-Dazzle Prevent Economists Accepting the Information Matrix or Understanding Transparency
Since the Great Financial Crisis began on August 9, 2007, I have talked with lots and lots of Economic PhDs. Several of... Read More