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A Crimean style aggregate supply shock
It has been a busy couple of weeks for me. It is events in particularly Ukraine, Turkey and partly Venezuela that have kept me very busy so there has not been much time or energy for blogging. My blog...
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Unfocused vacation musings on money – part 1
It is vacation time for the Christensen family. We are in the Christensen vacation home in Skåne (Southern Sweden) and my blogging might reflect that. There are really a lot of things going on the in...
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The Turkish demonstrations – and the usefulness of the AS/AD framework
Peter Dorman has a blog post that have gotten quite a bit of attention in the blogosphere on the AS-AD model and why he thinks it is not a useful framework. This is Peter: “Introductory textbooks are...
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Guest post: Thoughts on Policy Uncertainty (Alex Salter)
Even though I think the primary economic problem in the US and in Europe at the moment is weak aggregate demand due to overly tight monetary policy I certainly do not deny the fact that both the US and...
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Regime Uncertainty, the Balkans and the weak US recovery
Today I have been in Oslo, Norway for client meetings. The topic on the agenda is Central and Eastern Europe and particularly the investment climate in South Eastern Europe. That gives me reason to...
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Monetary disorder in Central Europe (and some supply side problems)
Last week we got GDP numbers for Q2 in both the Czech Republic and Hungary. Both countries plunged deeper into recession and as it is the case in most other countries in Europe the cause of the misery...
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”Regime Uncertainty” – a Market Monetarist perspective
My outburst over the weekend against the Rothbardian version of Austrian business cycle theory was not my normal style of blogging. I normally try to be non-confrontational in my blogging style....
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