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John Handley
I'm into everything technological, and I spend far too much time on computers.
I'm into everything technological, and I spend far too much time on computers.
About
John's posts

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New Blog
I've decided to replace this blog with a new one at  http://jwhandley.blogspot.com/ . My first post is " Monetarism and the Neo-Wicksellian Framework "

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First blog post in almost a year!

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The Trouble With Taylor Rules
Proponents of tight monetary policy like to show variants of the following chart as evidence that the Federal reserve has kept interest rate too low since the financial crisis and that policy leading up to the financial crisis was too weak. To many this arg...

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Why Wasn't it Greece?
Yesterday the United Kingdom voted to leave the European Union, or should I say England and Wales voted to leave the EU; Scotland and Northern Ireland (not to mention London and Cardiff) voted overwhelmingly to stay. Some have argued that this is a good thi...

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Market Monetarism and Multiple Equilibria
I was reading Scott Sumner's recent post about Neo-Fisherism and I had an epiphany about Market Monetarism. I have consistently taken issue with the likes of Sumner because of what I view as his confusion of policies and the results of policies, or rather h...

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Either the Model is Wrong or Market Monetarism is Right
The idea that the zero lower bound is not actually a significant constraint on the ability of monetary policy to raise nominal GDP is integral to Market Monetarism. If the zero lower bound actually represents that constraint that mainstream macro says it do...

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Secular Stagnation
Proponents of secular stagnation love to show the following graph as evidence that the US labor market has hardly recovered from the last recession, making the last eight years a so-called 'jobless recovery.' Explanations for this vary, but two seem to be m...
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