The Grumpy Economist

The online class "Asset Pricing" is resurrected, at least half-way. The videos, readings, slides/whiteboards and notes are all...

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...

Scott Sumner sums up contemporary stimulus proposals well ...Old hydraulic Keynesianism from the 1960s was already a pretty implausible ...

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...

The WSJ asked me to review the Hillary Clinton economic plan, motivated by her August 11 speech introducing it.   The Op-Ed is here . I r...

Kate Kershaw Downing has posted a worthy letter of resignation from the Palo Alto Housing commission , that seems to be going viral. Palo ...

Some big news, to me at least: The Bureau of Economic Analysis is now producing "regional price parities" data that allow you to c...

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

Max Raskin and David Yermack have a nice WSJ OpEd last week, " Preparing for a world without cash ." The oped summarizes their rel...

Tyler Cowen and Alex Tabarrok have written a splendid article, " A Skeptical View of the National Science Foundation’s Role in Economic...

We are getting a good hint that a centerpiece of economic policy in the Hillary Clinton administration will be an increase in Federal contro...

A new essay " Macro-Finance ," based on a talk I gave at the University of Melbourne this Spring. I survey many current frameworks...

How to step on a rake  is a little note on how to solve Chris Sims' stepping on a rake paper. This is mostly of interest if you want ...

"Blueprint for America" is a collection of essays, organized, edited and inspired by George P. Shultz. You can get an overview a...

Above, a lovely graph from The Conversation . A common story says that opposition to immigration comes from people in high-immigrant commu...

Conor Dougherty in The New York Times has a good article on zoning laws , a growing body of economic literature suggests that anti-growth ...

Many commenters compare Brexit to the American revolution. I think the constitutional convention is a better analogy for the moment and chal...

What is it? I saw this in the parking lot of the hotel where I'm staying. Inspection: yes, it's the chassis of an early 1970s V...

Raghu Rajan, who just announced he is stepping down as Governor of the Central Bank of India, gave a very interesting speech , that bears am...

Chad Syverson has an interesting new paper on the sources of the productivity slowdown. Background to wake you up: Long-term US growth is ...