Economic Theory

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Featured

Jackson Hole XXXV

by John B. Taylorvia Economics One
Tuesday, August 30, 2016

Everyone keeps asking about this year’s Jackson Hole monetary conference and how it compared with the first. Well, I wrote about the first on my way to this conference, and I have to say the thirty fifth lived up to its billing as “monetary policy frameworks for the future.”

Analysis and Commentary

Asset Pricing Mooc, Resurrected

by John H. Cochranevia Grumpy Economist
Tuesday, August 30, 2016

The online class "Asset Pricing" is resurrected, at least half-way.

The Classicist with Victor Davis Hanson:
Blank Section (Placeholder)Analysis and Commentary

The Classicist: "The Great Regression"

interview with Victor Davis Hansonvia The Classicist
Tuesday, August 30, 2016
Why material progress can give birth to cultural decline.
Analysis and Commentary

Why The Democrats Are Fighting The Biggest Carbon Tax In American History

by Jeremy Carlvia National Review
Tuesday, August 30, 2016

They don’t like that it’s revenue neutral.

In the News

How Risky Is Oversea-Chinese Banking Corp Limited Stock?

quoting Stephen Haber, Charles Calomirisvia The Motley Fool
Tuesday, August 30, 2016

Oversea-Chinese Banking Corp Limited (SGX: O39) is one of Southeast Asia’s largest banks with total assets of nearly S$400 billion at the moment. It is also one of the largest stocks in Singapore’s market with its market capitalisation of S$35.9 billion.

Analysis and Commentary

The Nationalization Of U.S. Mortgages

by David R. Hendersonvia EconLog
Tuesday, August 30, 2016

First, banks have partially withdrawn from the mortgage game after facing swathes of new rules and $110 billion of fines for misconduct. They still own mortgage-backed bonds and they still make home loans to wealthy folk, which they keep on their balance-sheets.

Featured

How To Fight Secular Stagnation

by Michael Spencevia Project Syndicate
Tuesday, August 30, 2016

Much of the world, especially the advanced economies, has been mired in a pattern of slow and declining GDP growth in recent years, causing many to wonder whether this is becoming a semi-permanent condition – so-called “secular stagnation.” 

Interviews

David Henderson On The Financial Exchange (WRKO Boston)

interview with David R. Hendersonvia SoundCloud
Monday, August 29, 2016

Hoover Institution fellow David Henderson discusses why he is opposed to a VAT (Value Added Tax).

Analysis and Commentary

Sunday Reading

by David R. Hendersonvia EconLog
Sunday, August 28, 2016

On Gary's goofs, smugglers solve alleged public good problem, FDA-caused massive deaths, and reparations from descendants of slave owners.

Federal Reserve
In the News

Mixed Messages Threaten Fed’s Credibility

quoting John B. Taylorvia e21, Economic Policies for the 21st Century
Sunday, August 28, 2016

On Friday Federal Reserve Chair Janet Yellen presented the opening remarks for the Kansas City Fed’s prestigious annual conference in Jackson Hole, Wyoming. She took the opportunity to outline what she sees as a strengthening argument in favor of tightening monetary policy.

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