Saturday, January 29, 2022

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 ...
5 comments:
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...
6 comments:
Thursday, November 11, 2021

Run-Proof Stablecoins

›
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 ...
Friday, April 23, 2021

On the Role and Future of Cryptocurrencies

›
My former colleague Howard Wall asked me to join  Lawrence White yesterday evening to discuss the role and future of cryptocurrencies at a...
4 comments:
Wednesday, March 31, 2021

A Natural Rate of Interest

›
This post was motivated by a conversation with Eric Lonergan. It began with a simple question: what should be the interest rate paid on rese...
4 comments: