Japan Deflation

Deflation returns to Japan. Tyler Cowen has a thoughtful Marginal Revolution post , expressing puzzlment. Scott Sumner discussion here , and...

After the ACA

After the ACA , a longish essay on what to do instead of Obamacare. Relative to the policy obsession with health insurance, it focuses more ...

Who is walking who?

Click here for the rest It's a graphic novel treatment of Gene Fama's Does the Fed Control Interest Rates ? paper, from the Booth s...

Is the Fed Pulling or Pushing?

I did a little interview with Mary Kissel of the Wall Street Journal, following up on thursday's oped . Mary is, as you can tell, a well...

5 million thanks

OK, it's not Marginal Revolution. It's not even tops in my own family -- My kids' high-school animation videos do better (8 mill...

WSJ oped, director's cut

WSJ Oped, The Fed Needn’t Rush to ‘Normalize’  An ungated version here via Hoover . Teaser: The outcomes we desire from monetary policy are ...

Conundrum Redux

FT's Alphaville has an excellent post by Matthew Klein on long-term interest rates, organized around Greenspan's "conundrum....

Two for growth

I saw two very nice, short views on growth: John Taylor Can We Restart This Recovery All Over Again? and Andy Atkeson, Lee Ohanian, and Wi...

Sargent on Friedman

I ran across a little gem by Tom Sargent, " The Evolution of Monetary Policy Rules ." Alas, it's gated in the JEDC so you'...

Cheaper sugar

A nice trade epigram from David Henderson I don't think Trump understands that when we open trade to other countries, we gain not just a...

Greece and Banking, the oped

Source: Wall Street Journal; Getty Images A Wall Street Journal Oped with Andy Atkeson, summarizing many points already made on this blog. ...

Historical Fiction

Steve Williamson has a very nice post " Historical Fiction ", rebutting the claim, largely by Paul Krugman, that the late 1970s Ke...