April 2016

Equity-financed banking

My dream of equity-financed banking may be coming true under our noses. In " the Uberization of banking " Andy Kessler at the WSJ ...

I did a podcast with David Beckworth, in his "macro musings" series, on the Fiscal Theory of the Price Level, blogging, and a few ...

Alan Blinder has an excellent op-ed in the WSJ on trade. It's hard to excerpt as every bit is good. 1. Most job losses are not due to in...

I spent last week traveling and giving talks. I always learn a lot from this. One insight I got: Real interest rates are really important i...

V. V. Chari and Pat Kehoe have a very nice article on bank reform, " A Proposal to Eliminate the Distortions Caused by Bailouts ,"...

"US rejects 'living wills' of 5 banks," from FT . WSJ puts this event in the larger story of Dodd Frank unraveling. Juic...

What does "systemically important" mean? How can an institution, per se, be "systemically important?" The WSJ coverage ...

On Friday I attended the NBER Asset Pricing meeting (program here) in Chicago, organized by Adrien Verdelhan and Debby Lucas. The papers we...

Last Friday April 1, Eric Leeper Tom Coleman and I organized a conference at the Becker-Friedman Institute, " Next Steps for the Fisca...