tag:blogger.com,1999:blog-4900303239154048192.post7335044224216018512..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Obama And Harvard Games: Summers Vs YellenUnknownnoreply@blogger.comBlogger8125tag:blogger.com,1999:blog-4900303239154048192.post-10872359029886646362013-07-25T22:41:13.719-04:002013-07-25T22:41:13.719-04:00I agree Mark about your last point. I think the m...I agree Mark about your last point. I think the markets will view Yellen as substantially similar to Bernanke. Summers will be viewed as a loose and volatile cannon, unreliable.rosserjb@jmu.eduhttps://www.blogger.com/profile/09300046915843554101noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-17478108686319995212013-07-25T17:38:03.701-04:002013-07-25T17:38:03.701-04:00"Obama thinks the markets will trust Summers ..."Obama thinks the markets will trust Summers more than Yellen, atlhough I suspect that a) this is not true,..."<br /><br />I came across the following:<br /><br />"Credit Suisse research note<br />“A Summers chairmanship would bring with it more initial uncertainty; the markets know Yellen’s views on monetary policy better than they know those of Summers.”"<br /><br />http://blogs.wsj.com/economics/2013/07/24/what-theyre-saying-about-larry-summers-and-janet-yellen/<br /><br />I also think there are two separate issues here. There's how the *financial sector* feels about this and how the *markets in general* feel about this. I suspect the financial sector prefers Summers because of his previous record on deregulation, and Obama is of course up to his eyeballs in financial sector friendly advisers. But the markets in general rightly perceive Yellen as being better for the economy. Mark A. Sadowskihttps://www.blogger.com/profile/08259309059705236763noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-8949422989538508942013-07-25T17:27:25.292-04:002013-07-25T17:27:25.292-04:00Excellent post. In fact the "Harvard Games&qu...Excellent post. In fact the "Harvard Games" *have* come up in econoblogosphere comments, and I have used your post as additional evidence. <br /><br />Too much attention has been paid to Summers' publications ranking and not enough to the relevance what he has has actually written to contemporary monetary policy, which is to say not at all. Mark A. Sadowskihttps://www.blogger.com/profile/08259309059705236763noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-32313430162605269402013-07-25T13:17:00.586-04:002013-07-25T13:17:00.586-04:00I confess my ignorance. I did not know that they ...I confess my ignorance. I did not know that they were separate. How do I do the latter, please?rosserjb@jmu.eduhttps://www.blogger.com/profile/09300046915843554101noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-38228834060399202732013-07-25T11:44:37.801-04:002013-07-25T11:44:37.801-04:00Barkely, you fixed the text but not the hypertext ...Barkely, you fixed the text but not the hypertext link. <br /><br />doclawsonhttps://www.blogger.com/profile/13134209853620151481noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-45602198643418282432013-07-25T09:58:37.641-04:002013-07-25T09:58:37.641-04:00Did you mean to link to:
http://www.federalreserve...Did you mean to link to:<br />http://www.federalreserve.gov/monetarypolicy/files/FOMC19960703meeting.pdf <br /><br />Discussion begins page 43Scotthttps://www.blogger.com/profile/16920799707463098803noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-34461075244541141132013-07-25T02:23:24.383-04:002013-07-25T02:23:24.383-04:00Thanks for noting, S-man, but I have fixed those e...Thanks for noting, S-man, but I have fixed those errors, and the darned links still do not work.rosserjb@jmu.eduhttps://www.blogger.com/profile/09300046915843554101noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-20728599416471102302013-07-25T00:55:43.398-04:002013-07-25T00:55:43.398-04:00You wrote "blogpost" instead of "bl...You wrote "blogpost" instead of "blogspot" in the first link and "2012" instead of "2013" in the second. That's why the links don't work.Sandwichmanhttps://www.blogger.com/profile/11159060882083015637noreply@blogger.com