The Grumpy Economist

By the standards of mainstream media coverage of technical economics, Peter Coy's coverage of HANK (Heterogeneous Agent New Keynesian) m...

Larry Summers wrote an interesting  oped at the Washington Post.  Mostly, he still is of the adaptive-expectations ISLM view that interest r...

(at Project Syndicate ) The Liz Truss Tragedy The former British prime minister’s downfall holds important lessons for growth-minded policym...

The Revenge of Supply , at Project Syndicate Surging inflation, skyrocketing energy prices, production bottlenecks, shortages, plumbers who ...

    Source  Stephan Schubert Source: Chad Jones "straight out of the Penn World Tables, and I first learned about it from Lee Ohanian a...

Should the government make unemployment insurance more generous and easier to get in the pandemic recession? Well, yes, but it's not ide...

Larry Summers has an interesting tweet stream (HT Marginal Revolution) on the state of monetary policy. Much I agree with and find insightf...

Ricardo Reis has an excellent essay on the state of macroeconomics. "Is something really wrong with macroeconomics?" In substan...

I did an EconTalk Podcast with Russ Roberts. The general subject is economic growth, the reasons it seems to be slipping away from us and...

I was invited to testify at a hearing of the House budget committee on Sept 14. It's nothing novel or revolutionary, but a chance to put...

The cause of sclerotic growth is the major economic policy question of our time. The three big explanations are 1) We ran out of ideas (Gord...

I did an interview with Cloud Yip at Econreporter, Part I and Part II , on various things macro, money, and fiscal theory of the price le...

Larry Summers has an important, and 95% excellent, Financial Times column . Larry is especially worth listening to. I can't imagine that...

WSJ Oped. Now that 30 days have passed, I can post the whole thing. Previous post . Ending America’s Slow-Growth Tailspin Sclerotic gro...

The WSJ has a nice article  showing just how hard it has been for many people who lost jobs in the recession to get back to work. Their p...

I did a short interview with the WSJ's Mary Kissel about my growth oped. If you can't see the embed above, try this direct link...

I did an oped on growth in the Wall Street Journal, titled "Ending America’s Slow-Growth Tailspin." I'll post the full thing ...

Marty Feldstein has a very interesting opinion piece on Project Syndicate. His main point is that micro distortions from social programs (a...

I attended the NBER EFG (economic fluctuations and growth) meeting a few weeks ago, and saw a very nice paper by Rabah Arezki, Valerie Rame...

Rüdiger Bachmann, Tim Berg, and Eric Sims have an interesting article, "I nflation Expectations and Readiness to Spend: Cross-Sectional...