The Grumpy Economist

So if the Fed raises interest rates, how much and how soon will that help inflation? For another project , I went back to Valerie Ramey'...

I read the draft Supreme Court decision on Roe v. Wade . I was surprised that the draft so quickly prejudges economic liberty, which I thoug...

Fiscal Histories  is a new paper, a second try at an essay on fiscal theory for the Journal of Economic Perspectives.  The basic concept ...

The   Speech  by the ECB's Isabel Schnabel, advertised on the official ECB twitter stream  caused a characteristically grumpy outburst ...

The American Economics Association papers and proceedings are out. This is a selection of the selection of papers presented at the AEA annua...

I wrote a review of Stuart Kirk's climate finance speech , which among other things criticized the Dutch Central Bank for putting finger...

Behold the Phillips curve, one more statistical correlation treated as an eternal verity that our inflationary era has just undermined.  Fro...

On May 6 the annual Hoover monetary policy conference returned. It was great. In particular, the opening panels by Rich Clarida, Larry Summ...

  T.J Rodgers in the Wall Street Journal is classic:  Solar panels are key to the transition to carbon-free energy. Since the Earth will be...

Stuart Kirk of HSBC (head of worldwide responsible investing!) gave an eloquent short speech on climate financial risk.   Youtube link  in c...

Dominic Pino has a lovely National Review article on Mexican trucks. Watch the sausage in the making. Excerpts with commentary Congress ban...

It's been a busy week for video. I started Monday with a good roundtable with Benn Steil at the Council on Foreign Relations " Unde...

An oped at Project Syndicate Inflation’s return marks a tipping point. Demand has hit the brick wall of supply. Our economies are now produ...

Updates and rumination on my last few posts, why has the Fed responded so slowly to inflation. ( Last post )  1. Forward guidance?  For the ...

I realize that the title of my last post, Is the Fed Fisherian?  was not as clear as it could be. The model I used to understand the Fed&...

The current situation, and puzzling inertia Inflation has been with us for a year; it is 7.9% and trending up. March 15, the Fed finally ...

(Note: this post uses Mathjax equations. If you see garbage, come back to the original .) Introduction Will inflation persist? One ...

Three additional thoughts on climate financial regulation, building on the last post about the SEC   1) A big question about SEC and relate...

From March 21 SEC press release , covering the 510 page proposed rule  on climate disclosures. (The colleague who pointed me to this descri...

  Viewer mail, on Ukraine. I think it was a really good conversation. Direct Link