tag:blogger.com,1999:blog-5624436327404149621.post7295496445349838568..comments2024-03-28T20:07:31.640-07:00Comments on Quantitative Ease by Carola Binder: The Unwarranted "Unwarranted Pessimistic Signal"Carolahttp://www.blogger.com/profile/12783977056485775882noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5624436327404149621.post-50847380538720817542013-06-17T02:26:17.849-07:002013-06-17T02:26:17.849-07:00Thanks for sharing info. Keep up the good work. hi...Thanks for sharing info. Keep up the good work. <a href="http://fsdsolutions.com" rel="nofollow">hire web designer</a>Nickhttps://www.blogger.com/profile/06660788126917595824noreply@blogger.comtag:blogger.com,1999:blog-5624436327404149621.post-85714728479439698512013-04-08T15:04:54.398-07:002013-04-08T15:04:54.398-07:00Thanks, Prof. Roth, for linking to that paper. It ...Thanks, Prof. Roth, for linking to that paper. It may be helpful for my current research, which broadly has to do with expectations formation and uncertainty. Another paper that you might be interested in on this topic is by Kris Nimark, "Man Bites Dog Business Cycles."Carolahttps://www.blogger.com/profile/12783977056485775882noreply@blogger.comtag:blogger.com,1999:blog-5624436327404149621.post-77303007989247783292013-04-07T19:36:51.671-07:002013-04-07T19:36:51.671-07:00Oops meant to post that comment here:
http://caro...Oops meant to post that comment here:<br /><br />http://carolabinder.blogspot.com/2013/02/uncertainty-is-not-pessimism.htmlSteve Rothhttps://www.blogger.com/profile/11895481216028771016noreply@blogger.comtag:blogger.com,1999:blog-5624436327404149621.post-50842905135449688772013-04-07T19:35:32.144-07:002013-04-07T19:35:32.144-07:00Just came across this model:
http://cowles.econ.y...Just came across this model:<br /><br />http://cowles.econ.yale.edu/~gean/art/p1304.pdf<br /><br />Which includes this:<br /><br />"I distinguish between bad news, which<br />lowers expectations, and “scary” bad news, which lowers expectations<br />and increases volatility (uncertainty)."<br /><br />Which reminded me of this post, which addresses a distinction I've been noodling on for some time, a distinction that doesn't seem to be (well) incorporated into most (any?) models.Steve Rothhttps://www.blogger.com/profile/11895481216028771016noreply@blogger.com