Udayan Mukherjee

Studying economic history, but often tweet about sports. This is not the Indian economic journalist, although I am Indian and enjoy economic journalism.

[Udayan Mukherjee @udayan_m]

I’m a big advocate of cultural reclamation projects. By which I mean remaking old claymation films, except with clams.

[Udayan Mukherjee @udayan_m]

@Undercoverhist As an example, in 1988 the Reserve Bank of NZ was not sold about inflation targeting. They considered it: ‘a tacit admission that we have no precise knowledge of the linkages between…intermediate targets and the ultimate objectives of monetary policy’.

[Udayan Mukherjee @udayan_m]

@Undercoverhist I wonder if new monpol approaches are often first formed as art and then formalised as science? Requires some Volckerian imagination to innovate, but then the apparatus of the discipline builds an artifice of equations around it.

[Udayan Mukherjee @udayan_m]

@NW_Cross @JoeAscroft1 Also, Helicopter money is a fiscal stimulus that is money-financed. If a central bank did it it would just be acting as a fiscal authority. Same arguably true of QE, it expands the state balance sheet. Both techniques go way beyond regulation of the money-credit system.

[Udayan Mukherjee @udayan_m]

Good point. Although sometimes you can’t beat the ol’ faithful: “And then I woke up and it was all a dream.”

[André Brett @DrDreHistorian]

Surely the hardest part of writing is coming up with that perfect closing sentence, a pithy and thought-provoking summation rather than an abrupt ending or inane cliche passed off ineffectually as insight.

[Udayan Mukherjee @udayan_m]

Really lucky we managed to avoid the tie, the boundary countback would’ve been bad for us. Go Silver Ferns! #NetballWorldCup

[Udayan Mukherjee @udayan_m]

@Brannavan God bless your puritan soul. I think about this line from Beyond a Boundary maybe once a week: “the surest sign of having arrived is the fact that you keep company with people lighter in colour than yourself”. About cricket, and life.

[Udayan Mukherjee @udayan_m]

Na just jokes. Just a heartbreaking reminder of why sport is the most important unimportant thing in the world. Just like WG Grace and the Victorians would have wanted.

[Udayan Mukherjee @udayan_m]

Almost certainly one of the greatest cricket matches, given the stakes. A parable for contingency in history? On the role of moral luck and arbitrariness? On quantum indeterminacy and quality individuals? Thread below 👇🏾👇🏾

[Udayan Mukherjee @udayan_m]

From a recent @ReserveBankofNZ Analytical Note...worth reflecting on. Cc. @NZAssocEcon https://t.co/BE5Ikc8cRs

[Udayan Mukherjee @udayan_m]

Sentences to ponder: “measures of the labour market reflecting groups particularly vulnerable to the business cycle are better at explaining and forecasting wage and non-tradables inflation”.

[Udayan Mukherjee @udayan_m]

Cricket is like the NZ economy because there are multiple steady state equilibria, there is a lot of labour market slack, and everything is framed against the supposed glories of the 80s and 90s.

[Liam Dann @liamdann]

I have to get my head in gear to write my column this morning. Help. The cricket was like our economy because....

[Udayan Mukherjee @udayan_m]

(PS: This is also a model of graciousness, given how unkind McCullum is about Rossco’s leadership and personal qualities in his ‘no-holds barred’
memoir).

[Udayan Mukherjee @udayan_m]

Santner’s catch of Eoin Morgan, described by Cricinfo as a brilliant take, was tagged by Brendon McCullum as “making a meal of it”. Pathetic shock-jockery from him.

[Udayan Mukherjee @udayan_m]

McCullum’s glowing legacy is need of reassessment. Ross Taylor artfully dissects why his ultra-aggression was perhaps not so great in these comments. https://t.co/wOy5NhQ9cs

[Udayan Mukherjee @udayan_m]

@IAmWilbur @MorganGodfery With apologies for self-promotion, there are other views out there than the narrow one reported by RNZ. Would be interested in your thoughts Wilbur... https://t.co/96fFXXudH2

[Udayan Mukherjee @udayan_m]

The Big Bang Theory had a finale that was better plotted and more emotionally resonant than Game of Thrones. Am I right or am I right?

[Udayan Mukherjee @udayan_m]

@EricCrampton For example, what are your views on the new literature on the implications of global financial markets on the Mundell-Fleming trilemma? (Only asking because your initial tweet seems to imply a cowering fear about the unorthodoxy of Gabs’ macro credentials.)

[Udayan Mukherjee @udayan_m]

@EricCrampton In what direction do you think the practice of macroeconomic management needs to evolve then? The speech poses a bunch of substantive questions about the underlying intellectual frameworks - unclear what ‘content’ you are really looking for.