Economic Theory

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In the News

Economy Rebounds Nationally But Remains Stagnant In Richmond, Some Residents Say

quoting Carson Brunovia Richmond Confidential
Thursday, September 22, 2016

It’s a busy Saturday morning in the parking lot of Foods Co., a discount supermarket in downtown Richmond.

In the News

Rules, Discretion, And Audacity: A Critique Of Kocherlakota

featuring John B. Taylorvia Alt-M
Thursday, September 22, 2016

I was just about to treat myself to a little R&R last Friday when — wouldn't you know it? — I received an email message from the Brookings Institution's Hutchins Center.

Analysis and Commentary

Negative Rates And Inflation

by John H. Cochranevia Grumpy Economist
Wednesday, September 21, 2016

Have negative interest rates boosted inflation?

Analysis and Commentary

The Reasons Behind The Obama Non-Recovery

by Robert J. Barrovia Wall Street Journal
Tuesday, September 20, 2016

It wasn’t the severity of the Great Recession that caused the weak recovery, but government policies.

Federal Reserve
Interviews

It's About Time Fed Moves Rates Higher: John Taylor

interview with John B. Taylorvia CNBC
Tuesday, September 20, 2016

Hoover Institution fellow John Taylor shares his thoughts on why it's important for the Fed to raise rates now.

Analysis and Commentary

Immigration, Trade, And Child Care

by John H. Cochranevia Grumpy Economist
Tuesday, September 20, 2016

Both Mr. Trump and Mrs. Clinton want to lower the cost and, presumably, increase the amount of child care. A quick economics quiz: What is the policy change that would have the greatest such effect?

Analysis and Commentary

Central Banks Going Beyond Their Range

by John B. Taylorvia Economics One
Tuesday, September 20, 2016

Economist John Eatwell of Cambridge and I published a joint letter in the Financial Times today. We argue that monetary policy is off track and that other policies are sorely needed. I said the same in a CNBC interview from Miami this morning. 

Analysis and Commentary

Can U.S. Presidents Much Affect The U.S. Economy?

by David R. Hendersonvia EconLog
Monday, September 19, 2016

One of my favorite newspaper columnists, Steve Chapman of the Chicago Tribune, has written an article titled "Trump's Economic Fraud." It's partly about what the title says it's about but it's mainly about the question I ask in the title above: Can U.S. Presidents Much Affect the U.S. Economy?. His answer is no.

Analysis and Commentary

NY State Cyber Regulation For Banks: A Model?

by Marcel Bucsescu, Matthew Waxmanvia Lawfare
Monday, September 19, 2016

On September 13, 2016, New York Governor Andrew Cuomo announced a set of proposed cybersecurity regulations for financial services companies that fall under the jurisdiction of the New York State Department of Financial Services (NYSDFS): Cybersecurity Requirements for Financial Services Companies. 

Analysis and Commentary

The Morality Of Surge Pricing

by Russ Robertsvia Medium
Sunday, September 18, 2016

When Uber puts surge pricing in place on a Saturday night, say, two things happen. The first is that some drivers who otherwise might sit at home enjoying life now find it worthwhile to spend time picking up people and taking them where they want to go.

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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