people who think that DSGE models say anything at all about macroeconomics should be excused for making such an elementary mistake. If you think in an idiotic way, it's only logical that you believe things that Introductory Econ. students should know is false.
the city of Chicago should sue the University for abusing its name. On Wed, Jul 25, 2012 at 4:05 PM, michael perelman <[email protected]> wrote: > Can he get a Mulligan? > > On Wed, Jul 25, 2012 at 3:46 PM, Eugene Coyle <[email protected]> wrote: >> An economist who often embarasses Chicago published this today. >> >> >> "The Federal Reserve and especially its regional bank in New York are >> actively engaged in buying and selling Treasury securities, and the Fed >> lends money to banks on an overnight basis, at an interest rate called the >> federal funds rate." >> >> Dr. Mulligan can be excused a slip now and then. But when he dips into >> errors more serious one wonders what the students call him. >> >> Gene >> _______________________________________________ >> pen-l mailing list >> [email protected] >> https://lists.csuchico.edu/mailman/listinfo/pen-l > > > > -- > Michael Perelman > Economics Department > California State University > Chico, CA > 95929 > > 530 898 5321 > fax 530 898 5901 > http://michaelperelman.wordpress.com > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l -- Jim Devine / If you're going to support the lesser of two evils, you should at least know the nature of that evil. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
