Sitemap - 2016 - Information Equilibrium
Chris Dillow, information equilibrium is the framework you're looking for
Skidelsky's lazy econ critique
Stock-flow consistency is tangential to stock-flow consistent model claims
Chamberlain (1948) vs Smith (1962): non-ideal vs ideal information transfer
Store of value and medium of exchange are incompatible
Why don't you just show us why it's better?
Another IT model success: forecasting [using] exchange rates
Economic theory and male answer syndrome
Causality, Newcomb's paradox, and rational expectations
The scope of introductory economics
The effect of a December 2016 Fed interest rate hike
How do maximum entropy and information equilibrium relate?
Information equilibrium in agent-based models
Exactly. People do not behave in similar or predictable or even stable ways.
Never underestimate the power of abstract mathematics
Inequality and maximum entropy
Coupling things does not make them indistinguishable
Quick stats refresher: analyzing the 2016 election
Leaning new tricks from an old book
Blackford's information equilibrium model
Information equilibrium and log-linear invariance
New Keynesian models with money
Defining bubbles in the information transfer framework
A list of unsupported narratives in macroeconomics
A list of valid and not so valid complaints about economics
Economics, physics, and data: a response to Blackford
Friedman's effective field theory
3D visualizations of the interest rate model
Economist shouldn't be used as source for what is "scientific"
Multiple dynamic employment growth equilibria
Parsing the macrohistory database ... for meaning
Parsing the macrohistory database: more principal components
Parsing the macrohistory database: principal components
Parsing the macrohistory database: interest rates
Forecasting: IT versus all comers
What should we expect from an economic theory?
Should I use math or just assume convergence of a vague algorithm?
I am not sure Steve Keen understands the arguments against his framework
Price growth (i.e. inflation) state distribution
Dynamic unemployment equilibrium (and sunspots)
Sticky "information", i.e. knowledge, and emergence
Thinking about equilibrium and disequilibrium
On using Taylor expansions in economics
Krugman's Keynesians and information equilibrium
Are maximum entropy models the only possible models with rational expectations?
Basic definitions in information transfer economics (reference post)
Balanced growth, maximum entropy, and partition functions
Spreadsheets really do make mistakes
Paul Romer on the Volcker disinflation
Macro is not like string theory, part III (Equations!)
Macro is not like string theory, part II (my personal take)
Macro is not like string theory
Supply and demand as a causal entropic force
Channel capacity and rate-distortion in economics
Eurozone unemployment equilibrium
Uber, consumer surplus, and random agents
The economic state space: a mini-seminar
Causal entropic forces as economic forces
Is the information equilibrium interest rate model wrong?
Efficient markets and the Challenger disaster
A vector of information equilibrium relationships
Using maximum entropy to select one of multiple equilibria
IE vs NY Fed DSGE model update
A trend towards lower inflation in Australia (IE prediction)
Did the ACA decrease unemployment?
Japan (lack of) inflation update
Is information equilibrium silly?
DSGE, part 3 (stochastic interlude)
Log-linear form of a general information equilibrium model
The Economy at the End of the Universe, part II
The Economy at the End of the Universe
Economic temperature functions
Scopes and scales: the present value formula
The monetary base continues to fall
RGDP and employment equilibria
Information equilibrium in neuroscience
List of standard economics derived from information equilibrium
"A statistical equilibrium approach to the distribution of profit rates"
Ceteris paribus and method of nascent science
Gronwall's inequality and information transfer
Summer blogging recess (and no-go theorems)
Metzler diagrams from information equilibrium
Stock flow accounting with calculus
Regime dependent modeling and the St. Louis Fed
What does it mean when we say money flows?
New CPI data, and an IE model gets rejected
Macroeconomists are weird about theory
The urban environment as information equilibrium
Sleight of hand with the regulator
Economics is wrong, therefore (by analogy) physics is wrong
Falsifiable statements are not philosophical disagreements
New economics: now with all new unfounded assumptions!
Modeling in physics versus modeling in economics
Monetarism's epistemological nightmare
Recognizing complexity by inspection
What happens when you push on a price?
Update of UK inflation prediction
Exit through the hyperinflation, redux
This is what confirmation bias looks like (minimum wage edition)
WWII price controls and models
I'm not sure we understand inflation
Lyapunov exponents and the information tranfer index
Doing economists' work, only better: interest rate edition
Where is the information encoded?
Remember everyone who said inflation had arrived in Japan?
A review of Cesar Hidalgo's Why Information Grows
Blog birthday week continues: another successful prediction (GBP-EUR exchange rate)
Update to 2014 IT model inflation forecast vs NY Fed and FOMC
Blog birthday week continues: another successful prediction (EU inflation)
Celebrate this blog's birthday with a model prediction success story
What is wrong with economics in one chart
Comparative advantage from maximum entropy
Please stop talking about how science works if you don't know
Angels dancing at the end of time
Matthew Yglesias is still withholding the economic theory of everything
Is information equilibrium disruptive?
It's complicated: alternative approaches to economics
Maximum entropy distributions (reference)
List (2004) field experiments with random agents
Simulations with supply, demand and prices
The mathematics is not the issue here, Dude
Cognitive biases as epicycles for the rational agent
Fiscal stimulus in the Great Depression
Affordable housing through increased supply?
There is no interpretation, only equation
Marvelous demonstration that this blog post is too narrow to contain
Fairness = tendency to maximize entropy?
Information equilibrium on the Wicksellian roundabout
Traffic model on the Wicksellian roundabout
Effective information equilibrium theory
Interest rate and monetary base updates
Bernanke endorses policy recommednation of information equilibrium model
Some information transfer model basics
Information transfer as a common language for economics, part II
Information equilibrium: a common language for multiple schools
An RLC circuit with R = S and L = F
Empirical economics, a denouement
Waiting for a philosophy of economics
Economics doesn't need new theories; it needs to eliminate theories
New paradigms in economics assume the outcome of research
Japan's Phillips curve is also flattening
The previous post as a picture
The irony of microfoundations fundamentalism
"Economics is a social science"
Overfitting and empirical data: qualitative and qualitative models
Scott Sumner writes down another information equilibrium model
The ITE guide to schools of economics
A quantity theory of labor and capital
If I was to teach Econ 101 ...
The EMH and evaporating information
The entropy term and the unreasonable effectiveness of NGDP
The unreasonable effectiveness of information transfer
Information equilibrium and time series
More like stock-flow inconsistent
Draft slides for BPE 2016 talk in DC
Animations of agents subject to a budget contraint
Power laws and information equilibrium
Break on through to the other side
The Great Recession changed how seasons work
Odd behavior and effective budget constraints
Information equilibrium and transistors (updated)
Employment shocks as nominal output shocks
IT model forecast update for Japan
The forecast's substrate: is Sanders condoning neoliberalism?
The value of diversity and upward sloping supply curves
Recoveries do grow old; they just have an uncertain lifetime
All that has plasmon frequencies in the visible is not 197Au
As if: positive economics, evolution and effective theories
Fitness, trade-offs and macrofoundations
Flexible micro wages do not disprove sticky macro wages
Production possibilities and Brownian motion
Production possibilities and the slope of the supply curve
Economics is not logic and therefore not true or false
Computing Nash equilibria is intractable
The long and short of interest rates
The IS-LM model as an effective theory at low inflation
Attainable definitions of equilibrium
Another win for the IT model: Switzerland edition
Economics is changing, but in what direction?
Model forecast update: core PCE inflation
The BoJ's macroeconomic experiment
False dichotomy (as in: both choices are false)
Predictions and prediction markets
Nominal shocks in the presence of growth
Post-hike monetary base projection
It's people. The economy is made out of people.
Economists should start calling them approximations
The slope of the Phillips curve is roughly zero
Is CPI an information-theoretic measure of labor force size?
Maybe we should fall back on the least informative prior ...
Maybe you should question your assumptions?
Paul Krugman's definition of economics assumes the form of the theory
Updates to some ongoing forecasts
Time for a trip to Vancouver for a little fiscal stimulus ...
Assuming answers to complex integrals
Possible slower adjustment for monetary base
Macroeconomics: a theoretical and empirical multiverse
Information, knowledge, models and the EMH
Complexity without purpose: evolution as a framework for economics
Occam's razor: real and nominal growth
Velocity of money and interest rates
It isn't obvious inflation is under the control of central banks
Falsifiability isn't empirical validity
Maximum entropy versus coordination, part 10191