tag:blogger.com,1999:blog-7466544526845171847.post4489655016304690692..comments2013-01-28T02:46:13.609-08:00Comments on Redonkulus Blog: Could the Fed Save Obama?redonkulus476http://www.blogger.com/profile/02196069493716013924noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7466544526845171847.post-8022774847944138232012-09-14T15:59:07.528-07:002012-09-14T15:59:07.528-07:00I've emailed you the data. Thanks for your in...I've emailed you the data. Thanks for your interest.redonkulus476https://www.blogger.com/profile/02196069493716013924noreply@blogger.comtag:blogger.com,1999:blog-7466544526845171847.post-84074581433144474482012-09-14T13:48:13.543-07:002012-09-14T13:48:13.543-07:00Would you make this data available? I wonder what ...Would you make this data available? I wonder what happens if you use first differences or use VAR instead of OLS? I wouldn't mind playing with this...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7466544526845171847.post-53994744787542151432012-06-03T18:40:04.951-07:002012-06-03T18:40:04.951-07:00Thanks for the comment. That's a good point. ...Thanks for the comment. That's a good point. PR is a big part of policymaking. Fortunately for Obama, the Fed would be implementing the monetary expansion, not Obama, so it might be easier to do politically. He's responsible in the sense of putting good people at the Fed, but it is independent to some degree. Some bloggers (including Brad DeLong) have complained that Obama has not put enough of his political capital into putting good people at the Fed, and so some seats were left vacant for quite a while. Obviously, the Republicans don't always make things easy for him, but maybe he could've put some pro-monetary stimulus Republicans at the Fed, like Mankiw.redonkulus476https://www.blogger.com/profile/02196069493716013924noreply@blogger.comtag:blogger.com,1999:blog-7466544526845171847.post-55389296322116044572012-06-03T14:18:00.137-07:002012-06-03T14:18:00.137-07:00One potential confound (maybe not a big issue in t...One potential confound (maybe not a big issue in this case) is path dependency-- the voters might like a result in general (e.g. low unemployment) but not like certain ways of achieving it.<br /><br />A good example is health care costs- most people like cheaper health insurance but many people do not like insurance mandates, even if they thought they make health care cheaper.<br /><br />This means we need a little caution in going from the correlations you describe to predictions about how voters will react if Obama pursues a different monetary policy.Anonymousnoreply@blogger.com