I decided to move this blog to Substack. My new address will be this: The Money Mischief | Kürşad Görgen | Substack
I moved to Substack
Posted by kgorgen on March 2, 2023
https://www.themoneymischief.com/i-moved-to-substack/
Brace for impact
2022 has been a year full of uncertainties for the global economy so far, and it looks like it will continue. Rising inflation, the invasion of Ukraine, and supply chain problems arising from China and Russia… None of this makes the Fed’s job any easier. But even before all this, the Fed had begun to […]
Posted by kgorgen on March 20, 2022
https://www.themoneymischief.com/brace-for-impact/
The Long-Run Effects of Monetary Policy on Interest Rates
After reading Scott Sumner’s recent paper on the Princeton School of Macroeconomics and Zero Lower Bound, I revisited papers of other Princeton economists.[1]Sumner, Scott, The Princeton School and the Zero Lower Bound (October 2021). Mercatus Center Working Paper, https://www.mercatus.org/publications/monetary-policy/princeton-school-and-zero-lower-bound In the second part of the paper, Sumner discussed the Princeton School’s relationship with new schools […]
Posted by kgorgen on November 12, 2021
https://www.themoneymischief.com/the-long-run-effects-of-monetary-policy-on-interest-rates/
Sticky Wages: The Key Problem of Macro
The reason we worry about recessions is mostly involuntary unemployment. Because recessions cause employment fluctuations, and this affects the entire economy. But, why do recessions cause employment fluctuations? Indeed, this question is one of the most important questions at the heart of macroeconomics, and it shows us why nominal variables and wage stickiness is so […]
Posted by kgorgen on October 12, 2021
https://www.themoneymischief.com/sticky-wages-the-key-problem-of-macro/
