By N1000 Thursday, 30 July 2015 Finance Asset Pricing Part II Asset Pricing Part II, the second half of my online PhD class in asset pricing, starts up next week. Part I and Part II are separate and in...
By N1000 Tuesday, 28 July 2015 Commentary Economists Euro Inflation Macro Monetary Policy Thesis topics Mankiw and Conventional Wisdom on Europe Greg Mankiw wrote a week ago in the Sunday New York Times , ably explaining the conventional view that the Euro is a bad idea, and that ev...
By N1000 Monday, 27 July 2015 Commentary Economists Euro European Debt Crisis writing Ben-Gad and the Minotaur Michael Ben-Gad has a smashing review, " Into the Labyrinth ", of Yanis Varoufakis' The Global Minotaur (Disclaimer: I have ...
By N1000 Wednesday, 22 July 2015 Inflation Monetary Policy Monetary Testimony I was invited to testify at the Subcommittee on Monetary Policy and Trade of the House Financial Services Committee on Wednesday. I had only...
By N1000 11:55 Commentary Inequality Regulation Minimum wage and mechanization A while ago I opined that higher minimum wages might lead companies like McDonalds to substitute to machines. A former student sends me: her...
By N1000 Monday, 20 July 2015 Banking Commentary Financial Reform A Capital Fed Ruling The Fed just released it's latest missive to the big banks, and the answer is capital, lots more capital. Three cheers for the Fed. The...
By N1000 Saturday, 18 July 2015 Commentary Economists Growth The other Smith on Growth In a recent Bloomberg piece, " Growth Fantasy of Tax Cuts and Small Government " Noah Smith took on my recent blog posts on 4% gro...
By N1000 Thursday, 16 July 2015 Academic Articles Economists Macro Monetary Policy Learning and New Keynesian Models. John Barrdear at the Bank of England just posted an interesting paper, Towards a New Keynesian theory of the price level . Like Garcia Schmi...
By N1000 Wednesday, 15 July 2015 Commentary Economists Inflation Macro Monetary Policy Miles Looks Back David Miles, retiring from the Monetary Policy Committee of the Bank of England, gave a fascinating speech on the occasion . (Pdf with grap...
By N1000 03:00 Academic Articles Economists Thesis topics Behavioral Public Choice In a number of blog posts, ( here ) I've complained about the lack of behavioral public choice theory, and highlighted some efforts in...
By N1000 Tuesday, 14 July 2015 Academic Articles Economists Inflation Monetary Policy Garcia Schmidt and Woodford on neo-Fisherian economcs Mariana Garcia Schmidt and Mike Woodford are lighting up the internet with a p resentation on neo-Fisherian economics -- the proposition th...
By N1000 Monday, 13 July 2015 Banking Commentary Euro European Debt Crisis Interviews Videos Greece again I read this morning's news of a deal -- we'll see how long it lasts -- with interest. Here's a video exchange with Rick Santelli...
By N1000 Friday, 10 July 2015 Commentary Health economics Regulation Uber for Health Care The Booth School's Capital Ideas made this really nice (well, I think so) video out of my blog posts on Uber and health care. Togethe...
By N1000 Thursday, 9 July 2015 Banking Commentary Euro European Debt Crisis Monetary Policy What next? Source: Deutsche Bank Research The lovely flow chart comes from Deutsche Bank Research It emphasizes the central point I am taking from all...
By N1000 Monday, 6 July 2015 Banking Commentary Euro European Debt Crisis Monetary Policy Can Greece Leave? Is Grexit even possible? It strikes me that the best Greece can do with a Drachma is to create a two-currency system, sort of like Cuba or V...
By N1000 04:00 Commentary Economists European Debt Crisis Macro Monetary Policy Thesis topics Calomiris and sticky prices Charles Calomiris has a very interesting Forbes oped on Greece , with a much deeper insight. My proposal begins with government action to w...
By N1000 03:00 Academic Articles Commentary Economists Finance Thesis topics China crash? Meanwhile, on the other side of the world, China is doing everything in the textbook to ignite a "bubble." I dislike that usually ...
By N1000 Saturday, 4 July 2015 Banking Commentary Financial Reform Monetary Policy Regulation Greece vs Puerto Rico and what's "systemic." How is a Greek default different from a Puerto Rican default? Answer: because Puerto Rico doesn't have its own banking system. It can...