Around the Traps 3/5/13

It is Friday in Sydanee and therefore time for Around the Traps.

Going by the statistics a lot of people read this which is a tribute to those who write in the blogosphere.

These are merely most of the stuff I have read over the week and are good reading and hopefully gets you thinking for the weekend.

Special things to note:

• You must read Deridda Derider's comment (Oz section and highlighted)
• David Giles now gets his own section on econometrics
• Andrew Gelman's blogroll is at the bottom for all those  interested
• R&R related articles are in bld bold and in the general section
• in most posts you learn as much from the comments!

Aussie,Aussie,Aussie/Oy,Oy,Oy

• The Redoubtable Matt Cowgill on the-accord-were-not-in-1983-anymore
• The Pipng Shrike reviews-mark-lathams-not-dead-yet
• Don Arthur on the-revolt-against-the-elites (read DD's comment of the year!)
• The Kouk on markets-go-the-wrong-way-for-the-fiscal-freaks and a-true-story-about-a-man-named-tony
• The wonderful Ricardian Ambivalence say sauctions-suggest-housing-is-solid and house-prices-slow
• Mumble says melbourne_to_swing and after_the_storm and whats_the_required_vote
• Brian Banisch asks are-100-renewables-possible
• David Walker on kill-them-all-is-rarely-a-goods-plan
• Ross Gittins finds another-day-poorer-deeper-in-debt and ghost-of-costello-haunts-swans-budget
• John Quiggin says gillard-gets-it-right
• Peter Martin asks the-budget-what-if-our-prime-minister-gave-a-really-good -speech and the-ndis-why-joe-hockey-is-wrong-big and why-itll-be-near-10-billion-deficit
• Grog's Gamut says budget-not-all-declines-are-declines
• Gummo Trotsky on the-dole-bludger-myth-and-government-policy-support-the-system-that-supports-you
• Bill Mitchell says Australia's output gap- not close enough
• Mark Banisch says oconnors-evidence-free-policy-leadership-does-matter
• Andrew Elder on shadows on the press gallery wall
• Gordon on the-hierarchy-of-political-pain-and-the-slippery-slope-of-doom

US

• Calculated Risk on public-and-private-sector-payroll-jobs-under-Bush& Obama and update-futures-so-bright and last I hope graphs-for-duration-of-unemployment and housing-starts-and-unemployment-rate
• Kruggers on /inflation-nation-not, speaking-of-getting-it-wrong
• Mark Thoma gives us Tim Duy who says fed-watch-just-a-few-weeks-makes-a-world-of-difference and then fed-watch-what-about-inflation
• Menzies Chin looks at the latest GDP figures and then trend_and_nonlinear_cyclical_employment_dynamics
• Canada actually the 'hot' Frances Woolley (see last friday's ATT) asks how-should-economists-respond-to-upcoming-national-household-survey-release and financial-literacy-in-the-popcorn-aisle-1
• Australia's esteemed Ricardian Ambivalence asks is-money-easy-low-cpi-edition and fed-sharpens-their-easing-bias and very very late perky-payrolls
• Barkley Rosser gets stuck into robert-samuelson for being catallaxian ( not knowing the facts) and can-and-should-fed-battle-bubbles
• Brad De Long debating Alan Reynolds here and here. ( Alan has a record Catallaxy would be proud of!) 
• Steve Roth says fed-today-fiscal-policy-is-restraining-economic-growth
• Mark Thoma tells us how-medicaid-affects-adult-health
• Brad De Long on josh-barro-what-to-make-of-the-oregon-health-study
• Brad De Long says i-am-more-confident-this-morning-that-medicaid-expansion-is-a-good-idea and then aaron-carroll-additional-thoughts-on-the-new-oregon-medicaid-results
• Robert Waldeman on medicaid-austin-frakt-aaron-carroll-and-kevin-drum-are-good-for-the-usa
• The very readable David Glasner tells us of /the-vampire-theory-of-inflation
• hot off the press Mark Thoma gives us baker-and-duy-on-the-jobs-report
• Same for Peter Dorman who says the-case-for-precaution-plan-bee

Europe

• Brad De Long gives us barry-eichengreen-the-europeans-are-less-insane-than-i-feared
• Simon Wren-Lewis on leading-macroeconomist-leaves-central-bank (Sweden)
• Kruggers on the-beatings-must-continue-2, baltic-brouhaha and humorists-at-the-european-commission
• Philip Lane gives us the-future-of-emu (plenty of linked papers it is fantastic) and the same for economic-growth-perspectives-for-europe
• Ryan Advent on euro-crisis-4
• Jonathon Portes on underemployment-in-uk

General

• JimHamilton on the_contributions- of R&R
• Gerald Silverberg on reinhart-rogoff-vs-new-zealand-1951
• Brad De Long /is-a-higher-borrowing-trajectory-warranted-or-not
• Mark Thoma on economics-needs-replication
• Jonathon Portes on comment-on-reinhart-and-rogoffs-ft-piece
• Progrowth liberal on those-ultra-keynesians-at-national
• Dan Crawford on michael-ash-and-bob-pollin
• Simon Wren-Lewis on why-inflation-is-not-falling,microfounded-social-welfare-functions and blanchard-on-fiscal-policy
• Kruggers on knaves-fools-and-me-meta, the-italian-miracle, the-protectionist-non-surge and keynes-keynesians-the-long-run-and-fiscal-policy
• Brad De Long  not happy why-oh-why-cant-we-have-a-better-press-corps-yes-david-ignatius-of-the-washington-post-we-are-looking-at-you and keynesianism-today-start-by-stating-the-argument-correctly
• Noah Smith on will-abe-address-japans-number-one and then asks can-culture-predict-economic-development
• Peter Dorman on about-those-costly-rescues-in-bangladesh
• Steve Roth says yes-the-government-must-pay-its-bills-in-the-long-run-every-few-centuries-questions-for-krugman and yowza-now-even-aei-is-dissing-austerity
• Brian Banisch on global-heating-update
• Mark Thoma leads us to John Whitehead who asks everyone-has-the-same-chance-at-the-aer-right
• Brad De Long gives us David Romer on short-run-fluctuations
• Jim Hamilton gives us a few links
• BarkleyRosser gives us a-year-of-constitutional-political-centenials and blowing-in-wind-is-global-warming-over
• Evan Soltas gives us /after-austerity
• Jared Bernstein on the-trouble-with-low-inflation
• Jeffrey Frankel on nominal-gdp-targeting-is-left-right thanks Mark Thoma
• Mark Thoma gives us romer-and-stiglitz-on-the-state-of-macroeconomics
• Kevin O'Rourke says three-things-all-serious-people-know-are-true
• Nick Rowe on testing-productivity-shocks-vs-labour-hoarding-in-a-traditional-industry
• Progrowth liberal says complete-crowding-out-or-near-identities

 Andrew Gelman well mainly Statistics

• plain-old-everyday-bayesianism
• tragedy-of-the-science-communication-commons
• 7-ways-to-separate-errors-from-statistics
• culture-clash
• setting-aside-the-politics-the-debate-over-the-new-health-care-study-reveals-that-were-moving-to-a-new-high-standard-of-statistical-journalism
• the-folk-theorem-of-statistical-computing
• Normal Deviate on the-perils-of-hypothesis-testing-again
• Kaiser Fong on the-most-cited-and-most-butchered-statistical-law spin-spin-spin-away and then Andrew further comments

Andrew David Giles writes on econometrics

•  more-on-quality-of-economic-data
•  some-official-data-come-with-standard-errors
•  confidence-intervals-for-impulse-response-functions
• finite-sample-properties-of-gmm
•  estimating-euler-equation-using-gmm
• all-about-spherically-distributed-regression -errors
• good-old-r-squared
• /when-can-regression-coefficients-change
• when-will-adjusted-r-squared-increase
• mark-thoma-on-replication
• granger-causality-testing-done-properly

Wonk

• Kruggers on monetarism-falls-short-somewhat-wonkish then read David Glasner they-come-not-to-praise-market-monetarism-but-to-bury-it 
• Kruggers on playing-whack-a-mole-with-expansionary-austerity and varieties-of-academic-temptation
• Brad De Long gives us risks-from-debt
• Menzies Chin on unconventional monetary policy
• Mark Thoma on why-do-we-use-core-inflation and microfounded-social-welfare-functions
• Olivier Blanchard on rethinking-macroeconomic-policy
• Philip Lane gives us a BIS paper on central-bank-finances
• Nick Gruen on /spending-more-time-with-the-kids
• Nick Rowe says monetary-stimulus-vs-financial-stability-is-a-false-trade-off
• Steve Roth on his pet subject no-less-consumption-does-not-cause-more-investment
• Mike Konzal on monetary-policy-jurassic-park-style

Voxwonk

• reforming-energy-subsidies-globally
• international-graduate-students-are-critical-scientific-discovery
• multinationals-assist-domestic-suppliers-perhaps-think-again
• did-euro-kill-governance-periphery
• fiscal-forecasts-governments-vs-independent-agencies
• state-owned-enterprises-global-economy-reason-concern
• why-do-emerging-markets-liberalise-capital-outflow-controls-fiscal-versus-net-capital-flow-concerns
• measuring-reach-yield
• self-defeating-austerity-shocks
• fiscal-consolidation-what-speed
• four-changes-trade-rules-facilitate-climate-change-action
• congressional-influence-determinant-subprime-lending
• stalemate-negotiations-environmental-goods-can-it-be-broken

Andrew Gelman's blogroll  here