** UPDATE BELOW ** I've just about finished Gary Gorton's excellent book Misunderstanding Financial Crises . I think it's the mo...
Rakoff and the SEC
The Economist has a short interesting article looking at what has happened since federal judge Jed Rakoff, back in 2011, rejected a $285m ...
Model abuse... stop it now!
I think we would benefit from better and more realistic models of systems in economics and finance, better models for imagining and assessin...
Poking the hive of DSGE (Distinctly Sensitive Group of Economists)
The other day when I wrote my recent post What you can learn from DSGE , I expected that maybe 6 or 8 people would read it. I mean, it's...
Mortgage dynamics
My latest Bloomberg column should appear sometime Sunday night 7 April. I've written about some fascinating work that explores the orig...
What you can learn from DSGE
*** UPDATE BELOW *** Anyone who has read much of this blog would expect my answer to the above questi...
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