Monthly Archives: December 2016
The Room Where It Happens
I enjoy the nexus between the world of ideas and the world of action, probably because I have gone back and forth between those two worlds several times as described here. There is nothing more rewarding then developing ideas and … Continue reading
Posted in Teaching Economics
Leave a comment
Show Us Your Model and Your Method
In a Wall Street Journal op-ed today I addressed claims made by Neel Kashkari in an earlier op-ed about rules-based monetary reforms, showing that his claims that the reforms were mechanical or computer-run were simply false and misleading. Kashkari mentioned … Continue reading
Posted in Monetary Policy
Leave a comment
Unconventional Monetary Policy, Normalization, and Reform
This week the Monetary Policy Subcommittee of the House Financial Services Committee held a hearing on “Unconventional Monetary Policy.” Charles Plosser, Mickey Levy, Simon Johnson and I testified. It was a good hearing with pertinent questions by Members of Congress, … Continue reading
Posted in Monetary Policy
Leave a comment
Economics One 