Ross Douthat Writes a Truly Terrifying Horror Story
James Fallows vs. Vista

Dean Scrimgeour: Monetary Policy Shocks and Commodity Prices...

Macro lunch...

"Is this for or against Jeff Frankel?" "How about orthogonal? As orthogonal as possible..."

  • Barsky and Killian (2001)
  • Barsky and Killian (2004)
  • Frankel (2006)
  • Scrimgeour (2008)
  • Cook and Hahn (1989)
  • Bernanke and Kuttner
  • Kuttner (2001) -- fed funds futures shock...

  • Volatility

  • Recent elevated commodity prices
  • Dornbusch overshooting model--commodity prices as asset prices