The Grumpy Economist

Last week Benn Steil wrote a very interesting oped on housing . (Originally at Financial News ) He unearthed the amazingly large number of y...

On the left is a graph from a really neat paper, " Low-Latency Trading " by Joel Hasbrouck and Gideon Saar (2011). You're lo...

A provocative Wall Street Journal OpEd by Donald Luskin and Lorcan Kelly gives me hope for Europe. No, I'm not talking about Greece, ...

John Taylor took the trouble to respond to Paul Krugman's latest outrage on the sources of the financial crisis.  Taylor's post --...

Headline: The Fed just  forced mortgage servicers  that got caught submitting "documents that were not properly notarized," among ...

Two nice graphs from the New York Times   Comment: Now, could we please stop talking about how we need more taxes to pay for roads and b...

Peter Wallison has an important Op-Ed in the Wall Street Journal  last week ( AEI link ) titled "Dodd-Frank and the Myth of Interconne...

(This is a Wall Street Journal Op-Ed . If you don't subscribe, there is a pdf on my webpage .) When the administration affirmed last m...

John Taylor wrote a very nice blog post, " Reassessing the recovery ". He made two graphs, reproduced here. On the top you see ...

Tom Sargent's Wall Street Journal oped is well worth reading closely. It's a very short summary of his Nobel prize speech As read...

I ran across a fascinating article, " A Post-Mortem on Transition Predictions of National Product ,"  in the 1946 Journal of Polit...

The Financial Times reports an amazing interview with Martin Wheatley, the "head of the UK's new consumer protection watchdog....

I recently read again a very nice paper by Toby Moskowitz and Effi Benmelech, " The Political Economy of Financial Regulation " wh...

The Grumpy Economist has sat through one too many seminars with triple differenced data, 5 fixed effects and 30 willy-nilly controls. I ...

As reported by the Wall Street Journal , Mitt Romney's tax return was 547 pages long. If you want to know what's completely sick wit...

Zheng Liu and Mark Spiegel at the San Francisco Fed wrote a very nice letter   on demographics and asset prices, summarizing a lot of go...

I ran in to a lovely little paper on regulation, thinking about financial regulation, from Paul Romer. In my thinking about financial reg...

One piece of interesting economics did come up while I was looking through the stimulus blogwars. Paul Krugman pointed to New Keynesian s...

The stimulus wars are heating up again. I wrote my last, and I thought best, summary blog piece " Stimulus RIP " in November 201...

Romney's 15% average income tax rate is all over the news, with the usual "tax the rich" outrage.