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...
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...
Ben-Gad and the Minotaur
Michael Ben-Gad has a smashing review, " Into the Labyrinth ", of Yanis Varoufakis' The Global Minotaur (Disclaimer: I have ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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...
Subscribe to:
Comments (Atom)