The Grumpy Economist

The special issue of the JEDC containing papers from the conference "Frameworks for Central Banking in the Next Century" is av...

To send you off with some more Thanksgiving good cheer, here is another out of the box Neo-Fisherian idea. Perhaps the Fed (or the ...

Multiplier? What multiplier?  Wall Street Journal , November 26 2014: The economy expanded at its fastest pace in more than a decade d...

I was interested to read " Behavioral Political Economy: A Survey " by Jan Schnellenbach and Christian Schubert. (HT marginal revo...

A correspondent sends a suggested edit of a part of my writing tips for PhD students With markup Keep it short Keep the paper as sh...

An important little item from the just released minutes of the October Federal Open Market Committee meeting will be interesting to people ...

Thursday and Friday I attended the NBER Asset Pricing conference. As usual it was full of interesting papers and sharp discussion. Program h...

" What the Inequality Warriors Really Want"  a Wall Street Journal oped on inequality. It's a much edited version of my evolvi...

The Syndics of the Drapers' Guild by Rembrandt, 1662. I enjoyed Sheilagh Ogilvie's The Economics of Guilds  in the latest Jour...

Who is afraid of a little deflation ? Wall Street Journal Op-Ed. Fears of "tipping" into deflation are overblown. I poke a lit...

I enjoyed John Goodman's essay at Forbes.com, " Reason for big Government: The Firm " California has a new law that requires...

On the "Neo-Fisherian" idea that maybe raising interest rates raises inflation, Nick Rowe asks an important question. What about...

Across the Great Divide: New Perspectives on the Financial Crisis is published. This is the book form of the joint Brookings-Hoover confe...

Or, Heretics Part II I just finished a big update of a working paper, " Monetary Policy with Interest on Reserves ." It also she...

Low inflation is back in the news.  The Wall Street Journal covers the latest decline in European inflation. Peter Schiff has a nice articl...

The FT's Martin Wolf weighs in on " Why inequality is such a drag on economies " This is the question that was bugging me la...

In the i nequality post , I puzzled over the following conundrum: Why does it matter at all to a vegetable picker in Fresno, or an unemplo...

In my inequality post , I wrote, somewhat speculatively, The returns to education chosen and worked hard for are not necessarily replicat...

Note: These are remarks I gave in a concluding panel at the Conference on Inequality in Memory of Gary Becker, Hoover Institution, September...

Now that 30 days have passed, I can post the whole oped from the Wall Street Journal . See previous post for additional commentary A Few ...