The Grumpy Economist

Jeff Miron and Natalia Rigol have a provocative working paper, " Bank Failures and Output During the Great Depression. " They take...

I ran across a fascinating blog post by Peter Stella at Vox-Eu  on exit strategies and QE.  Peter points out that only banks can hold res...

My Coursera Asset Pricing MOOC is now open. The direct link is here  -- but you may need to register to see it.  I recommend browsing the ...

I just finished a draft of an academic article, " The New-Keynesian Liquidity Trap "  that might be of interest to blog readers, ...

Recently, on a long car trip returning from a glider contest, I did something unusual among our liberal elite: I actually went to a McDonald...

You have undoubtedly seen the news by now. Chicago Tribune , and Wall Street Journal I'm sad, actually. A Summers confirmation would h...

There are two interesting tidbits of banking news in today's (9/10/2013) papers. The Wall Street Journal has a long page 1 article, ...

Raghu Rajan celebrated his first day on the job running India's central bank. Coverage from Financial Times and Wall Street Journal . ...

Tom Sargent and John Stachurski go online  with a fascinating web based course in quantitative economic modeling. Two thoughts.  The educa...

My pick for Fed chair below. I don't have much to say on the choice between Janet Yellen and Larry Summers. Both are worthy economists, ...

Ronald Coase has died, inspiration and hope for those of us who don't write 10 papers a year. But they have to be good ones. Two insig...

An anonymous correspondent explained last week's Nasdaq freeze thus. The truth about what happened Aug 22 to the Nasdaq is that new li...

Source: Wall Street Journal Not a fan. A Wall Street Journal Op-Ed.  Link to WSJ .  Link to pdf on my website . Director's cut follo...

John Taylor is blogging from Jackson Hole Day 1: Skepticism of unconventional policy   Academics say quantitative easing does't do muc...

I will be running a MOOC (massively online) class this fall . Follow the link for information. The class will roughly parallel my PhD asse...

I just read a very nice article by Bob Litterman  in CATO's "Regulation" on the finance of carbon taxes. It includes a review ...

My colleague Raghu Rajan has just been appointed governor of the central bank of India. See  Financial Times  and Reuters.  Congratulations ...

Mark Steyn, while writing on other matters , came up with this gem: 40 percent of Americans perform minimal-skilled service jobs about to ...

WSJ Op-Ed on immigration, with extra comments.  Original here . Think Government Is Intrusive Now? Wait Until E-Verify Kicks In Sourc...

Politico's Byron Tau has a hilarious story : Pot legalization activists are running into an unexpected and ironic opponent in their ef...