{"id":3362,"date":"2012-01-20T14:26:25","date_gmt":"2012-01-20T19:26:25","guid":{"rendered":"http:\/\/www.multiplier-effect.org\/?p=3362"},"modified":"2012-01-20T14:26:46","modified_gmt":"2012-01-20T19:26:46","slug":"laughter-the-new-financial-instability-index","status":"publish","type":"post","link":"https:\/\/blogs.bard.edu\/multiplier-effect\/laughter-the-new-financial-instability-index\/","title":{"rendered":"Laughter:  The New Financial Instability Index"},"content":{"rendered":"<p>Phil Izzo of the Wall Street Journal <a href=\"http:\/\/blogs.wsj.com\/economics\/2012\/01\/20\/secondary-sources-breaking-up-banks-inequality-and-mobility-fed-yucks\/\">points us<\/a> to the invaluable work of the people at <a href=\"http:\/\/www.dailystaghunt.com\/markets\/2012\/1\/12\/the-correlation-of-laughter-at-fomc-meetings.html#entry14562168\">The Daily Stag Hunt<\/a>, who tallied the number of times that laughter appears in the transcripts of the Fed&#8217;s FOMC meetings.\u00a0 Peak laughter, as The Daily Stag points out, corresponds nicely with the height of the housing bubble:<\/p>\n<p><a href=\"http:\/\/blogs.bard.edu\/multiplier-effect\/files\/2012\/01\/Daily-Stag-Hunt_FOMC-Funnies.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3368\" title=\"Daily Stag Hunt_FOMC Funnies\" src=\"http:\/\/blogs.bard.edu\/multiplier-effect\/files\/2012\/01\/Daily-Stag-Hunt_FOMC-Funnies.png\" alt=\"\" width=\"531\" height=\"368\" srcset=\"https:\/\/blogs.bard.edu\/multiplier-effect\/files\/2012\/01\/Daily-Stag-Hunt_FOMC-Funnies.png 737w, https:\/\/blogs.bard.edu\/multiplier-effect\/files\/2012\/01\/Daily-Stag-Hunt_FOMC-Funnies-300x208.png 300w\" sizes=\"auto, (max-width: 531px) 100vw, 531px\" \/><\/a><\/p>\n<p>If there weren&#8217;t a six-year delay on the release of these transcripts, this could be a useful tool for measuring systemic risk.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Phil Izzo of the Wall Street Journal points us to the invaluable work of the people at The Daily Stag Hunt, who tallied the number of times that laughter appears in the transcripts of the Fed&#8217;s FOMC meetings.\u00a0 Peak laughter, as The Daily Stag points out, corresponds nicely with the height of the housing bubble: [&hellip;]<\/p>\n","protected":false},"author":202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,40],"tags":[7,1129,179],"class_list":["post-3362","post","type-post","status-publish","format-standard","hentry","category-financial-crisis","category-monetary-policy","tag-federal-reserve","tag-financial-crisis","tag-housing-bubble"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/3362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/users\/202"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/comments?post=3362"}],"version-history":[{"count":8,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/3362\/revisions"}],"predecessor-version":[{"id":3375,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/3362\/revisions\/3375"}],"wp:attachment":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/media?parent=3362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/categories?post=3362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/tags?post=3362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}