Re: Economists surprised???

2000-12-21 Thread Lisa & Ian Murray
Eugene Coyle wrote: >They should have listened to Rob Schaap Starting when? Doug *** From: Rob Schaap Subject: Re: Re: U.S.Monetary Policy Date: Thu, 23 Mar 2000 04:14:35 -0800 Evening all, If Gre

Re: Re: Economists surprised???

2000-12-21 Thread Eugene Coyle
Six or eight months ago. Maybe longer. Gene Doug Henwood wrote: > Eugene Coyle wrote: > > >They should have listened to Rob Schaap > > Starting when? > > Doug

Re: Economists surprised???

2000-12-21 Thread Doug Henwood
Eugene Coyle wrote: >They should have listened to Rob Schaap Starting when? Doug

Re: Economists surprised???

2000-12-21 Thread Yoshie Furuhashi
>Perhaps Bush will have the same run of luck that Clinton did. >Michael Perelman Perhaps, but Bush is not likely to have the same political luck (see, below, the news of inaugural protests), which may affect his economic luck! * From: "Jay Moore" <[EMAIL PROTECTED]> Subject: Plans Take S

Re: Economists surprised???

2000-12-21 Thread martin schiller
Timework Web said on 12/21/00 11:02 A >> Perhaps Bush will have the same run of luck that Clinton did. > >Perhaps . . . if he hangs around in the Oval Office with his fly undone. Are you implying that it was the power of the penis rather than the office? Or a complimentary effect? Now you've g

Re: Economists surprised???

2000-12-21 Thread Timework Web
Michael Perelman wrote: > Perhaps Bush will have the same run of luck that Clinton did. Perhaps . . . if he hangs around in the Oval Office with his fly undone. Tom Walker Sandwichman and Deconsultant Bowen Island (604) 947-2213

Re: RE: Economists surprised???

2000-12-21 Thread Michael Perelman
Ian, the results of the Romer study should not be surprising. After all, the Fed is a major actor in determining the outcome of the economy. I would expect that the steel industry would do better in predicting future short run investments in steel than the Fed would because the steel industry ha

Re: Re: Economists surprised???

2000-12-21 Thread Jim Devine
At 09:48 AM 12/21/00 -0800, you wrote: >I think that the excessive belief in the new economy gave the Fed the >confidence to allow unemployment >to fall below the supposedly NAIRU limits. I believe instead that the Fed is groping in the dark. They don't know what the NAIRU is (or whether it exi

Re: Economists surprised???

2000-12-21 Thread Michael Perelman
I think that the excessive belief in the new economy gave the Fed the confidence to allow unemployment to fall below the supposedly NAIRU limits. I believe it also gave the Fed fear that the economy had much more vigor than it did when they laid a series of interest rate hikes over and beyond

Re: RE: Economists surprised???

2000-12-21 Thread Jim Devine
Christina & David Romer wrote: >"Specifically, we ask whether, given commercial forecasts of inflation, >the Federal Reserve forecasts are useful in predicting inflation. To >analyze this question, we examine regressions of inflation on commercial >and Federal Reserve forecasts. We find that th

RE: Economists surprised???

2000-12-21 Thread Lisa & Ian Murray
today's (12/21/00) Wall St. Journal says that economists and corporate chiefs alike have been surprised by the "sudden" world wide slowdown in the economy. They should have listened to Rob Schaap Gene Coyle ** "Specifically, we ask whether, given commercial forecasts