Thursday, April 7, 2022
What economic model produces the Fed's inflation forecast?
John Cochrane's blog has always been a favorite of mine. It's provocative. It's entertaining. And it invariably leads me to refl...
Saturday, January 29, 2022
The Inflation Blame Game
Inflation is back together with a new season of America's favorite sport: zero-contact, finger-pointing. I thought I'd sit back and ...
Some Thoughts on the Fed's CBDC Report
Economists within the Federal Reserve System have been musing about central bank digital currency for a while now. For example, yours truly ...
Tuesday, November 30, 2021
On the Necessity and Desirability of CBDC
Remarks prepared for P2PFISY Panel Discussion, December 1, 2021 At a conceptual level, CBDC is a compelling idea. It envisions everyone ha...
Thursday, November 11, 2021
A stablecoin (SC) is a financial structure that attempts to peg the value of its liabilities (or a tranched subset of its liabilities) to an...
Wednesday, September 29, 2021
EEA-ESEM Panel: Macroeconomic Consequences of the Pandemic
I was recently asked whether I'd like to share my thoughts on monetary policy in a post-pandemic world. Sure, why not? Thanks to Jan Eck...
Monday, April 26, 2021
Labor Force Participation Gaps Between the U.S. and Canada
Am hearing some talk about whether the U.S. labor market can fully recover to its pre-Covid19 levels. Is it possible that a sizeable number ...
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