- The Six Major Adverse Shocks that Have Hit the U.S. Macroeconomy since 2005 http://www.bradford-delong.com/2015/12/the-six-major-adverse-shocks-that-have-hit-the-us-macroeconomy-since-2005.html …
- .@greg_ip (5) might happen in what @ojblanchard1 calls “dark corners” was, in retrospect—and some of us thought in prospect—very wrong. It
- @delong @GagnonMacro @nick_bunker @JHWeissmann @greg_ip @Neil_Irwin In 2008, Rogoff said 6% for 2 years wd be useful http://www.project-syndicate.org/commentary/inflation-is-now-the-lesser-evil …
- .@delong @JoshZumbrun @JHWeissmann Fed felt 2% reduced incidence, severity of ZLB, & target >2 changed little eg http://www.federalreserve.gov/pubs/feds/2005/200570/200570pap.pdf …
- @nick_bunker @delong @JHWeissmann @greg_ip @Neil_Irwin NZ showed that 1 is too low. EMs seem happy with 3 or 4 but not more. --> 3% ?
- @JHWeissmann @delong @greg_ip and as @Neil_Irwin shows, not like NZ govt had a super rigorous method for 2 percent http://www.nytimes.com/2014/12/21/upshot/of-kiwis-and-currencies-how-a-2-inflation-target-became-global-economic-gospel.html …
- @JHWeissmann @delong @greg_ip this from 2000 is good and refers back to lot s of the 90s research on it http://eml.berkeley.edu/~akerlof/docs/inflatn-employm.pdf …
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