4 ms·
A Solow-humper sees the error of his ways. It's the feel good hit of the new year.
by kaonashi 11y ago
A Solow-humper sees the error of his ways. It's the feel good hit of the new year.
- Mikeb85 11y agoJust curious, what do you think any of this has to do with Solow? Brad Delong was mistaken about certain shocks within the framework of the 'Keynesian' model - the Solow model is about how investment, capital and productivity (enabled by technology) sets long-run output.
- kaonashi 11y ago> Back before 2008, I used to teach my students that during a disturbance in the business cycle, we'd be 40 percent of the way back to normal in a year. The long-run trend of economic growth, I would say, was barely affected by short-run business cycle disturbances. it was a stupid flip comment based on that, probably best it was downvoted