Plunging YieldsThe nominal yields on "high-grade" government debt instruments continue to plunge; see here. Real interest rates on U.S. government debt are nega…Read More
Feynman on the Scientific MethodA colleague of mine recently pointed me to this fantastic lecture by Richard Feynman (1918-1988) explaining his take on the scientific method.Wha…Read More
NGDP targeting in an OLG modelI'm still trying to work through this NGDP targeting idea. A lot of people graciously replied to my earlier query here, including David Beckworth here…Read More
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