Monetary Policy

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In the News

Why 'Erratic' Central Bankers Need Better Rules To Guide The World

featuring John B. Taylorvia The Telegraph
Sunday, March 6, 2016

Central banks have destroyed their credibility by reacting to the worst financial crisis in history with inconsistent policy responses, a leading economist has warned.

Analysis and Commentary

Banning The Benjamin Would Reduce Freedom

by David R. Hendersonvia EconLog
Friday, March 4, 2016

Larry Summers is a bootlegger and a Baptist.

In the News

City Upon A Hill: Bond Referendum Funds State

quoting Thomas J. Sargentvia The Technician
Wednesday, March 2, 2016

In Monday’s Technician, Mr. Chase McLamb’s piece titled “Vote against the bond” encouraged North Carolina residents to vote down the bond referendum that could bring $2 billion of funds to the state. Part of the raised money will go into public schools, including NC State.

The Flat Tax by Hoover fellows Robert Hall and Alvin Rabushka
Analysis and Commentary

Promoting The 15% Flat Tax In Italy

by Alvin Rabushkavia Flat Tax
Wednesday, March 2, 2016

Armando Siri discusses the 15% flat tax in Italy.

Policy Seminar with Robert Barro

Tuesday, March 1, 2016
Annenberg Conference Room, Lou Henry Hoover Building

Robert Barro, senior fellow at the Hoover Institution and the Paul M. Warburg Professor of Economics at Harvard University, discussed his recent paper (joint with Gordon Liao) “OptionsPricing Formula with Disaster Risk.” 

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Analysis and Commentary

Why Minimum Wages Can Take Time To Destroy Jobs

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

Jonathan Meer and Jeremy West have found that increases in the minimum wage destroy jobs, not so much by destroying current jobs as by reducing the growth rate of new jobs.

Featured

China’s Volatile Growth

by Michael Spence, Fred Huvia Project Syndicate
Sunday, February 28, 2016

Uncertainty about China’s economic prospects is roiling global markets – not least because so many questions are so difficult to answer. In fact, China’s trajectory has become almost impossible to anticipate, owing to the confusing – if not conflicting – signals being sent by policymakers.

Analysis and Commentary

Greece And Taxes

by John H. Cochranevia Grumpy Economist
Monday, February 22, 2016

An interview for the Greek Reporter, in English, perhaps cheering the like-minded and sure to infuriate some conventional wisdom.

Featured

A Firm Conclusion About The Role Of Fed Leading Up To The Crisis

by John B. Taylorvia Economics One
Monday, February 22, 2016

Matthew Klein recently wrote a nice piece for the Financial Times on the role of the Fed in the asset price bubble in 2003-2005 and thereby in the subsequent bust leading to the financial crisis. He begins by reviewing a fascinating speech by Tim Lane, deputy governor of the Bank of Canada. 

In the News

No Inflation In Sight, Say Two Bond Masters

mentioning Michael Spence, Kevin Warshvia Barron's Online
Saturday, February 20, 2016

Hoisington’s bond managers doubt the global economy will rebound soon thanks to low industrial output, heavy debt, and the commodities collapse.

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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