Saturday, March 18, 2023

There's No Free Lunch or: How I Stopped Worrying and Learned to Not Hate Inflation

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Remember when the Fed's most pressing policy concern was missing their 2% inflation target from below for most of the decade following t...
11 comments:
Thursday, April 7, 2022

What economic model produces the Fed's inflation forecast?

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John Cochrane's blog has always been a favorite of mine. It's provocative. It's entertaining. And it invariably leads me to refl...
3 comments:
Saturday, January 29, 2022

The Inflation Blame Game

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Inflation is back together with a new season of America's favorite sport: zero-contact, finger-pointing. I thought I'd sit back and ...
1 comment:

Some Thoughts on the Fed's CBDC Report

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Economists within the Federal Reserve System have been musing about central bank digital currency for a while now. For example, yours truly ...
5 comments:
Tuesday, November 30, 2021

On the Necessity and Desirability of CBDC

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Remarks prepared for P2PFISY Panel Discussion, December 1, 2021 At a conceptual level, CBDC is a compelling idea. It envisions everyone ha...
6 comments:
Thursday, November 11, 2021

Run-Proof Stablecoins

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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

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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...