Top 5 posts of 2014
2014 was the first complete year for the blog and had 232 posts (averaging more than one every other day). Here are the top 5 viewed posts:
1. How money transfers information
This is the post I like to use to introduce this blog to people so it gets a lot of traffic.
2. If physics blogs were like economics blogs
An attempt at humor poking fun at the comments on economics blogs.
3. Krugman, Keynes and the liquidity trap
A follow-on to the #4 on this list that shows the evolution of the IS curve from the upward-sloping monetarist view to the downward-sloping Keynesian view to the vertical liquidity trap over the post-war economic history of the US. Also it shows how deflationary monetary expansion is associated with the zero lower bound (and shows how the zero lower bound works).
4. Models matter
Interpreting macroeconomic data always requires a model. If anyone says "data X shows I am right" you can always attach an "given my model" to the end of it. This post generated the most lively and enjoyable (and at times heated) discussion on this blog so far.
5. A challenge to macroeconomists
There is a definite paucity of macroeconomic theory results that compare themselves to empirical data and this post calls that out. (However the NY Fed has stepped up.)
PSĀ
More evidence that currency affects inflation, not the broader monetary base, this time from J.P. Koning and New Zealand.