Mankiw Vs Krugman

The blogosphere reminded me of this future economic bet between Paul Krugman and Greg Mankiw that Mankiw clearly won:

In early 2009, the incoming Obama administration’s Council of Economic Advisers predicted real GDP would rebound strongly from recession levels. In a blog post, Greg Mankiw expressed skepticism. In their blogs, Brad DeLong and Paul Krugman sighed. Of course there would be strong growth, they maintained, because the recovery of employment would mandate it via Okun’s Law. Mankiw challenged Krugman to a bet on the issue, but there was no response. Of course we now have a good idea of the likely outcome, but I posit a hypothetical time series econometrician who, at the time of the blog entries, applies some standard forecasting methods to see whether DeLong and Krugman’s confidence was justified. The econometrician’s conclusion is that Mankiw would likely win the bet and furthermore that a rebound of any significance is unlikely. The econometrician has no idea how DeLong and Krugman could have been so confident in the CEA’s rebound forecast.

Here is the relevant 2009 post where Mankiw challenges Krugman to a bet.

32 Responses to “Mankiw Vs Krugman”

  • I really like what you guys tend to be up too. This kind of clever work and reporting!
    Keep up the superb works guys I’ve included you guys to my own blogroll.

  • Hey! Quick question that’s totally off topic. Do you know how to make your site mobile friendly?
    My blog looks weird when viewing from my iphone.
    I’m trying to find a template or plugin that might be able to fix this problem.
    If you have any suggestions, please share. Appreciate it!

  • First of all I would like to say great blog! I had a quick question in which I’d like to ask if you do not mind.
    I was curious to know how you center yourself and clear your head prior to writing.
    I’ve had difficulty clearing my mind in getting my ideas out there.
    I truly do take pleasure in writing but it just seems like the first 10 to 15 minutes are lost just trying
    to figure out how to begin. Any recommendations or hints?
    Thank you!

  • Good post. I learn something new and challenging on blogs I stumbleupon on a daily basis.
    It will always be helpful to read through content from other authors and practice something from other web sites.

  • I’ve been surfing online more than 3 hours today, yet I never found any interesting article like
    yours. It’s pretty worth enough for me. In my opinion, if all site owners and bloggers made good content
    as you did, the net will be much more useful than ever before.

  • Today, I went to the beachfront with my children. I found a sea shell and gave it to my 4 year
    old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed.
    There was a hermit crab inside and it pinched her ear.

    She never wants to go back! LoL I know this is totally off
    topic but I had to tell someone!

  • I don’t even understand how I ended up here, however I thought
    this post was great. I do not know who you are but definitely you are going to a famous blogger for those who are not already.

  • Link exchange is nothing else however it is
    only placing the other person’s web site link on your page at appropriate
    place and other person will also do same for you.

  • Howdy! This is my 1st comment here so I just wanted to give
    a quick shout out and say I truly enjoy reading through
    your blog posts. Can you suggest any other blogs/websites/forums that cover the
    same topics? Thanks!

  • Thanks for any other great post. The place else may just anyone get that type
    of info in such a perfect way of writing? I have a presentation next week, and I am on the look
    for such info.

  • Good post. I learn something new and challenging on sites I stumbleupon every day.
    It’s always helpful to read through articles
    from other writers and practice something from their websites.

  • WOW just what I was searching for. Came here by searching for replacing a lost us passport

  • Hello Web Admin, I noticed that your On-Page SEO is is missing a few factors, for one you do not use all three H tags in your post, also I notice that you are not using bold or italics properly in your SEO optimization. On-Page SEO means more now than ever since the new Google update: Panda. No longer are backlinks and simply pinging or sending out a RSS feed the key to getting Google PageRank or Alexa Rankings, You now NEED On-Page SEO. So what is good On-Page SEO?First your keyword must appear in the title.Then it must appear in the URL.You have to optimize your keyword and make sure that it has a nice keyword density of 3-5% in your article with relevant LSI (Latent Semantic Indexing). Then you should spread all H1,H2,H3 tags in your article.Your Keyword should appear in your first paragraph and in the last sentence of the page. You should have relevant usage of Bold and italics of your keyword.There should be one internal link to a page on your blog and you should have one image with an alt tag that has your keyword….wait there’s even more Now what if i told you there was a simple WordPress plugin that does all the On-Page SEO, and automatically for you? That’s right AUTOMATICALLY, just watch this 4minute video for more information at. Seo Plugin

  • Mankiw Vs Krugman « Hispanic Pundit

  • I like the helpful info you provide in your articles.
    I will bookmark your blog and check again here regularly.
    I’m quite sure I’ll learn plenty of new stuff right here!
    Good luck for the next!

  • Hey there! Do you know if they make any plugins to help with
    SEO? I’m trying to get my blog to rank for some targeted keywords
    but I’m not seeing very good gains. If you know of
    any please share. Appreciate it!

  • It is appropriate time to make some plans for the longer term and it is time to be happy.
    I have learn this post and if I could I desire to suggest you some
    attention-grabbing issues or advice. Maybe
    you can write subsequent articles referring to this article.
    I want to learn more issues about it!

  • As soon as I discovered this internet site I went on reddit to share some of the love with them.

  • Good day! I could have sworn I’ve visited this site before but after going through a few of the articles I
    realized it’s new to me. Nonetheless, I’m definitely happy I
    found it and I’ll be bookmarking it and checking back

  • Loving the information on this site, you have done outstanding job on the blog posts.

  • Hello there! This article couldn’t be written any better!
    Looking at this article reminds me of my previous roommate!

    He continually kept talking about this. I’ll send this information to him.
    Pretty sure he will have a great read. Thank you for sharing!

  • Sweet blog! I found it while searching on Yahoo News.
    Do you have any tips on how to get listed in Yahoo News?

    I’ve been trying for a while but I never seem to get there!
    Many thanks

  • I am genuinely glad to read this webpage posts which carries plenty of valuable information, thanks for providing
    these data.

  • Greetings from Los angeles! I’m bored at work so I decided to
    browse your blog on my iphone during lunch break. I enjoy
    the knowledge you present here and can’t wait to take a
    look when I get home. I’m shocked at how fast your blog
    loaded on my phone .. I’m not even using WIFI, just 3G
    .. Anyhow, fantastic site!

  • Keep on working, great job!

  • Hey There. I found your blog using msn. This is a
    really well written article. I will be sure to bookmark it and come back to read more of your useful information. Thanks for the post.
    I’ll certainly return.

  • Hmm it looks like your website ate my first comment (it was extremely long)
    so I guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog.

    I too am an aspiring blog blogger but I’m still new
    to everything. Do you have any tips and hints for first-time
    blog writers? I’d certainly appreciate it.

  • Smart Balance Wheel can be extremely extremely cute in addition to fine.

  • Alongside the Garcinia Cambogia diet supplements helps to control hunger by raising the levels of serotonin in the body,
    that makes one feel happy and fulfilled, when the serotonin levels are low in the body it causes exhaustion, depression, sleeplessness, overeating and stress that all contribute
    towards indulging in fatty foods to unnaturally fill the emotional emptiness,
    with adequate serotonin level in the brain these symptoms fade away.

    Here is my webpage – garcinia cambogia weight loss supplement reviews (Saundra)

  • I ordered and found 360 frontal to be great.

  • Studies show that hunger and body weight management are the chief changes associated with weight
    loss when testing garcinia cambogia extract – Jolie

Leave a Reply