The Grumpy Economist

The debate over work requirements for social programs is hot and heavy. I'll chime in there as I don't think even the Wall Street Jo...

The videos from the Hoover Monetary Policy Conference are now online here .  See my previous post for a summary of the conference.  The big ...

The videos and speeches of the Bradley prize winners are up. My video here  (Grumpy in a tux!), also the speech which I reproduce below. All...

Walter Russell Mead has a nice essay in Tablet on California. This excerpt struck me. You too were probably dragged through "Grapes o...

My first post described a few anecdotes about what a warm person Bob Lucas was, and such a great colleague. Here I describe a little bit of...

Friday May 12 we had the annual Hoover monetary policy conference. Hoover twitter stream here .  Conference webpage and schedule here  (upda...

I just got the sad news that Bob Lucas has passed away. He was truly a giant among economists, and a wonderful warm person.  I will only pas...

Princeton University Press has a 50% off sale on all books, including the (overpriced, sorry) Fiscal Theory of the Price Level .  The splash...

From WSJ   "Many Americans who want to move are trapped in their homes—locked in by low interest rates they can’t afford to give up.  T...

  A few days ago I gave a short talk on the subject. I was partly inspired by a little comment made at a seminar, roughly "of course we...

Two more thoughts: 1) In the SBV debacle, many of my colleagues and friends jump to the conclusion, we should just mark all assets to market...

 Three small thoughts.  1) There is much commentary that bank troubles will interfere with the Fed's plan to lower inflation by raising ...

With amazing speed and impeccable timing, Erica Jiang, Gregor Matvos, Tomasz Piskorski, and Amit Seru analyze how exposed the rest of the b...

The Silicon Valley Bank failure strikes me as a colossal failure of bank regulation, and instructive on how rotten the whole edifice is. I w...

Home Bias in Economics Journals  is an interesting new paper by Dirk Bethmann, Felix Bransch, Michael Kvasnicka, and Abdolkarim Sadrieh (via...

From the  Wall Street Journal Feb 2. After 30 days I can post full text.  A Consumption Tax Is the Shock Our Broken System Needs Something ...

At the AEI fiscal theory event last Tuesday Tom Sargent and Eric Leeper made some key points about the current situation, with reference to...

 Two great videos just dropped related to fiscal theory.  The first is an "Uncommon Knowledge" interview with Peter Robinson. We s...

This is another post from an Economic Policy Working Group meeting at Hoover, in which simple undergraduate supply and demand analysis, crea...

On Wednesday, Erik Hurst presented a lovely paper, " The Distributional Impact of the Minimum Wage in the Short and Long Run, " w...