...Lucas, including Real Business Cycle and so-called New Keynesian theory lacks solid microfoundations. Kirman's critique applies. LOL! New Keynesian models lack microfoundations. Have you read Janet Yellen's work? Mankiw's work? Are you aware of efficiency wages, staggered wage contracts, and menu cost. These are the basis of New Keynesian theory. Where does adjustment cost cause ...

..., and maybe you even geek out and visit government websites like the Bureau of Labor Statistics, the friendly people who report on consumer inflation. [2] However, the economic numbers and the state of the country don't align very well. Moderate columnist EJ Dionne was talking about this today [3] he was reading Janet Yellen [4]'s argument about how distribution hasn't reflected macro

... Samuel Berger Evelyn Lieberman Stuart Eizenstat Charlene Barshefsky Susan Thomases Joel Klein Gene Sperling Ira Magaziner Peter Tarnoff Alice Rivlin Janet Yellen Rahm Emanuel Doug Sosnik Jim Steinberg Jay Footlik Robert Nash Jane Sherburne Mark Penn Sandy Kristoff Robert Boorstin Keith Boykin Jeff ...

...just culling their environment but managing it; not much, but enough to make a significant difference to their own survival. There are many ways in which this might have happened. In the 1970s, John Yellen of America's National Science Foundation found that the Hottentots of south-west Africa would raise goats for a few years and then go back to hunting. Husbandry was just their fall-back ...

Sherman Yellen: 'Bush and Osama - the Terror Twins' Sherman Yellen, The Huffington Post I took some time out this past month to enjoy the summer and my family, which now includes a fourteen month old grand-daughter, and wonder of wonders, the world managed to get on without my commenting on it. Not very well, indeed terribly, but it is still here as am I - hanging on by a thread of ...

... Samuel Berger Evelyn Lieberman Stuart Eizenstat Charlene Barshefsky Susan Thomases Joel Klein Gene Sperling Ira Magaziner Peter Tarnoff Alice Rivlin Janet Yellen Rahm Emanuel Doug Sosnik Jim Steinberg Jay Footlik Robert Nash Jane Sherburne Mark Penn Sandy Kristoff Robert Boorstin Keith Boykin Jeff ...