tag:blogger.com,1999:blog-8595404115121834255.post394280465006514929..comments2024-03-28T03:24:05.678-04:00Comments on NAKED KEYNESIANISM: Lars P. Syll on how wrong Krugman & Mankiw are on loanable fundsMatias Vernengohttp://www.blogger.com/profile/09521604894748538215noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8595404115121834255.post-7932203328596839822014-09-19T03:02:34.388-04:002014-09-19T03:02:34.388-04:00Thanks.
I'd agree this isn't really what ...Thanks.<br /><br />I'd agree this isn't really what LFT is about. If it were, it would seem rather less controversial.Nick Edmondshttps://www.blogger.com/profile/15342983814699700396noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-50447618505727927322014-09-18T13:07:42.139-04:002014-09-18T13:07:42.139-04:00No intention with the graph, just randomly chose i...No intention with the graph, just randomly chose it for aesthetic appeal. I shouldn't have been so careless. oh well.<br />David Fieldshttps://www.blogger.com/profile/16368656243683642296noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-85382743089837129202014-09-18T08:13:38.744-04:002014-09-18T08:13:38.744-04:00Not sure why David chose that graph. Personally, I...Not sure why David chose that graph. Personally, I don't think it's the best way to represent the LFT. My presentation and graph here http://nakedkeynesianism.blogspot.com/2011/11/neo-wicksellian-macroeconomics.htmlMatias Vernengohttps://www.blogger.com/profile/09521604894748538215noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-3204813646787519162014-09-17T02:57:19.789-04:002014-09-17T02:57:19.789-04:00I'm intrigued by the illustration you have cho...I'm intrigued by the illustration you have chosen for this post.<br /><br />This seems to show a loanable funds market as a simple restatement of the bond market. The x-axis is presumably the same. P on the y-axis of the bond market maps to r on the y-axis of LF market. Demand for bonds maps to supply of LF and supply of bonds to demand for LF. They are really just the same thing stated in different ways.<br /><br />What do you think of this? Would you say that this is the correct characterisation of what the LF market is supposed to be? What are your views on drawing demand and supply curves for bonds? <br />Nick Edmondshttps://www.blogger.com/profile/15342983814699700396noreply@blogger.com