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Featured Commentary

Ruble Hits New Low--Putin Can't Keep His Promise To Russian People

by Paul R. Gregoryvia Forbes
Tuesday, December 16, 2014

Russia’s central bank waited until the early morning hours to raise its interest rate from 10.5% to a whopping 17.5% to encourage citizens to hold rubles and foreigners to buy rubles. Rather than building confidence, markets interpreted the move as panic.

Blogs

Deadweight Loss From The New California Gas Tax

by David R. Hendersonvia EconLog
Monday, December 15, 2014

Starting in January, Californians will pay an added 10 cents or so per gallon of gasoline due to a new law that goes into effect next month.

Blogs

Loggerheads

by John H. Cochrane via Grumpy Economist
Monday, December 15, 2014

Government Debt Management at the Zero Lower Bound is a very nice and interesting paper by Robin Greenwood, Sam Hanson, Josh Rudolph, and Larry Summers.

Featured Commentary

Immigration Isn’t Killing The Middle Class

by Timothy Kanevia Washington Post
Monday, December 15, 2014

Imagine the United States is an island with seven people on it, including you and me. Along comes a sailboat with an immigrant who joins the economy and, according to a popular myth, steals a job from one of us.

Interviews

Michael Spence on Bloomberg Surveillance

interview with Michael Spencevia Bloomberg
Friday, December 12, 2014

Senior Fellow Michael Spence discusses global economies, institutions, and economic reforms in Europe on Bloomberg Surveillance.

Other Media

John Cochrane on Modern Macro

featuring John H. Cochrane via EconLog
Friday, December 12, 2014

When John Cochrane writes on finance I prefer him to be "the grumpy economist." When he writes on macro, I prefer the less grumpy version. His new (non-grumpy) post on macro is outstanding, full of so many important insights that I'll need to do several more posts.

Interviews

Thomas Sowell on The Ricochet Podcast (11:38)

interview with Thomas Sowellvia Ricochet
Thursday, December 11, 2014

Senior Fellow Thomas Sowell discusses the field of economics, his biography, race, and current events on the Ricochet Podcast.

Other Media

Bank Of England Aims For More Timely Disclosure

mentioning Kevin M. Warshvia New York Times
Thursday, December 11, 2014

The Bank of England announced a sweeping set of changes on Thursday to increase transparency in how it operates and how it discloses the decisions it makes.

Other Media

Bank Of England Lifts Veil On Policy Decisions In Major Shake-up

mentioning Kevin M. Warshvia Telegraph
Thursday, December 11, 2014

The Bank of England will cut the number of interest rate meetings it holds every year and publish transcripts of policymakers' discussions in an overhaul designed to improve transparency at the 320 year-old institution.

Blogs

Level, Slope And Curve For Stocks

by John H. Cochrane via Grumpy Economist
Thursday, December 11, 2014

"The Level, Slope and Curve Factor Model for Stocks" is an interesting and important empirical finance paper by Charles Clarke at the  University of Connecticut.

Pages

Economic Policy Working Group

 
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

Milton and Rose Friedman: An Uncommon Couple

Policy Seminar on the economic situation in Europe