Tag: Scott Sumner
咩係Market Monetarism 同 NGDP Targeting?
Market Monetarism （譯為市場為本嘅貨幣主義）係自金融海嘯後係經濟學網上討論中，相當流行嘅一個宏觀經濟學術分析框架。就正如佢嘅名稱所述，Market Monetarism係建基於主流嘅Monetarism，但加入較金融市場訊息作為政策指導工具。
Scott Sumner on Market monetarism and Macroeconomics after the Great Recession | #WITGT21
In this interview, Prof. Sumner talked about his view on why there is no "Keynesian Revolution" in macroeconomics after the Great Recession and what is Market Monetarism. You can also read the Part I of the interview, where Prof. Sumner discussed the findings from his new book, The Midas Paradox and his views on what caused the Great Depression.
Scott Sumner on Midas Paradox and the Great Depression | #WITGT21
Welcome! This is the first installment of our interview series "Where is the General Theory of the 21st Century?"
"Where is the General Theory of...
點先算係Long Run，點先算係Short Run?
讀經濟學其中一個最令人疑問的問題，一定是這個：「點先算係Long Run，又點先算係Short Run?」 事實上，Long Run與Short Run這個分野，本身很大程度與Keynesian Economics 與及Classical Economics對經濟運作的不同看法有關。普遍總的來說，Keynesian Economics是主要看經濟體的Short Run需求管理，而Classical Economics的焦點則是解讀Long Run 供應管理的。（至少這是基礎MacroEconomics教科書所講的）
但幾耐是Long Run? 6個月？1年？5年？10年？ 某程度上，這可能是個（Empirical Question）實證問題，你幾時見到classical model有效，大約幾時就是Long Run。（哈～至少這是我的睇法。）不過其實我對這看法一向不太滿意，直至今日我終終看到一個更有意思的理論看法，來自TheMoneyIllusion的Soctt Sunmer:
"1. The long run...
