About

I’m an economics PhD student at MIT. Though I spend most of my time offline, in the academic world, I haven’t been able to shake the blogging bug completely. Occasionally I try to step in and offer my take on whatever debate is raging online. (My rationale, admittedly, doesn’t extend much beyond this.)

If you want to learn more about my background, an extremely out-of-date CV is here.

4 responses to “About

  1. Tyler McClellan

    Very nice set of ideas. I would like to see a post on a unifying thread of your monetary macro conversations so far. In my mind its pretty clear what MMT rests on. It has nothing to with seignorage. It has nothing to do with the term structure of interest rates or the so called moneyness of debt, which is what is meant by the MMT fixation on the idea that all debt could be floating rate at one day maturity determined after the fact based upon the level that ought to have prevailed.

    For all of those things will just change the definition of the thing for which the interest rate used to represent an indifference point of stock balances. The interest rate of significance then will just be migrate to that which balances demand for stock X and this new backward-looking accrual.

    The key is this, can the real interest rate that is material in the value calculus for the stock of assets that will actually be augmented or consumed be made endogenous? And, if it can, to what extent and under what constraints and for what periods?

    Thats it, but that is a hell of a lot, and really is the jumping off point for all of sound thinking on monetary policy.

    I think the answer is yes, but basically only with outstanding fiscal effort (investment that both creates its own savings and also increases the stock value of existing investment seems in real terms even at the existing, or normalized if you like, interest rates). Meaning that a sound monetary authority can endogenize the real interest rate if it accommodates fiscal stimulus of a certain kind.

    This has nothing to do with the other goals of monetary policy which are more in the main stream and better understood (namely commitment to AD smoothing).

    Thank you, and best of luck.

    tyler.

  2. DavidN

    Just recently found your blog via mankiw (and read some of your earlier stuff in makeanysense) and I’m tempted to claim these blogs are one of the best I’ve read. I won’t claim I will or do agree with everything written but the writing is thoughtful and readable and I understand why Tyler Cowen gave you a glowing recommendation.

  3. StewartR

    Your discussions of economics principles and how they relate to what’s going on are the best I’ve read. Please keep it up!

  4. Andrew Jackson

    Hi,

    I am Andrew Jackson. I am a financial writer and want to contribute a guest post for your blog :-mattrognlie.com and it will be only published on your blog.

    I will send my article as an attachment in the .txt or word format.

    Hope you would like my proposal and give me an opportunity.

    May I send my article?

    Best Regards,
    Andrew Jackson
    Skype Name:a_jackson051

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