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In the News

Slight Of Hand

quoting Thomas J. Sargentvia Economist
Saturday, February 20, 2016

Timid central bankers have failed to convince skeptical audiences.

The Statue of Liberty.
In the News

Bhagwati, Buiter, Cowan, Glaeser, Cochrane And Fama On US Economic Dominance

quoting Michael Spence, John H. Cochrane via The Australian
Thursday, February 18, 2016

Some of the world’s leading economists are hosing down fears that the US - and by extension the west - is about to lose its economic hegemony.


John Taylor: Taylor Rule Vs. Federal Reserve Rate Hike Path

interview with John B. Taylorvia Bloomberg
Thursday, February 18, 2016

Hoover Institution fellow John Taylor examines the rate path taken by the Federal Reserve compared to the Taylor Rule, and he discusses the challenges ahead for the central bank.

Analysis and Commentary

It’s Time To End The Federal Minimum Wage

by Timothy Kanevia National Review
Thursday, February 18, 2016

Sweden has no minimum wage. Nor does Denmark. Nor Finland. Nor Italy. Nor Austria. Does its absence affect the unemployment rate? Yes, the average unemployment rate is about four percentage points lower in countries with no minimum-wage laws than in neighboring countries, according to data collected by professor Stephen Hanke of Johns Hopkins University.  


Sad CEA Letter

by John H. Cochrane via Grumpy Economist
Wednesday, February 17, 2016

And just as I was getting all weepy about how great and a-political, obejective, non-partisan and all that the CEA is, along comes an open letter from past CEA chairs Alan Krueger, Austan Goolsbee, Chirstina Romer, and Laura D'Andrea Tyson to Senator Sanders, to restore my cynicism.

In the News

American Economic Policy, As Told By Martin Feldstein At Harvard University: Lecture 8, Monetary Policy: Business Cycles And Inflation

quoting John B. Taylorvia Economics For Public Policy
Tuesday, February 16, 2016

"The plan for today,” says Martin Feldstein as he begins his 8th lecture to the Harvard students enrolled in a course called American Economic Policy, “is to finish up my three lectures on monetary policy.”

In the News

PERC Scholar Suggests More Fees To Fix Public Land Management

featuring Terry Andersonvia Missoulian
Tuesday, February 16, 2016

To better understand the qualities of America’s wilderness, Terry Anderson suggests putting it behind a toll booth. “Wilderness is not priceless,” Anderson said, quoting the title of his Tuesday night lecture in Missoula. “It’s just not priced."

Analysis and Commentary

Oil Economics

by David R. Hendersonvia EconLog
Tuesday, February 16, 2016

I had been meaning to write a post about oil prices and the economy. Now this article in the New Yorker by James Surowiecki has beat me to it--and done it well. It's not that long and so I recommend reading it. I'll hit one highlight and then add a couple of my own thoughts.

In the News

DoD Talent Grab In Trouble As Industry Ramps Up New Hiring

quoting Adam J. White, Timothy Kanevia Federal News Radio (DC)
Tuesday, February 16, 2016

The Defense Department may have an even harder time attracting and retaining the talent it requires as defense companies are expected to increase their hiring in 2016. A Feb. 16 study by Deloitte predicts a 3.2 percent increase in aerospace and defense (A&D) sector employment for 2016, reversing a trend of declining job growth within the industry.

Analysis and Commentary

CEA History

by John H. Cochrane via Grumpy Economist
Tuesday, February 16, 2016

The Council of Economic Advisers has released a history of the CEA on its' 70th anniversary, as Chapter 7 of the Economic Report of the President. This piece is very interesting for economists interested in policy.


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