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TheMoneyIllusion

A slightly off-center perspective on monetary problems.

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My vision of macro

March 26, 2017

The following Venn diagram helps to explain how I visualize macro: There are three basic fields within macro: 1.  Equilibrium nominal 2.  Equilibrium real 3.  Disequilibrium sticky wage/price (interaction) I’ll take these one at a time. 1. Within equilibrium nominal there are important concepts: A.  The quantity theory... Read More >>

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