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Stampede Out, Stampede In
Today I published an article in Project Syndicate called “The Stampede from Silicon Valley.” The fact-based message of the article is clear: Tax, regulatory, and other economic burdens that firms face in California are creating a stampede to other parts … Continue reading
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Happy 100th Birthday to George Shultz
Today is George Shultz’s 100th birthday. There were so many wonderful celebrations and tributes, and many more to come. My family—Allyn, John, Jennifer, Josh, Olivia, Andrew, Jack, and I—walked over to his house and sang Happy Birthday as loud as … Continue reading
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Economic Policy and Foreign Policy Go Together
I gave the Peter G. Peterson Distinguished Lecture on “National Security and Fiscal Policy” at the Foreign Policy Association (FPA) in New York last week. Henry Fernandez gave a kind introduction and Tom Michaud moderated with great points. And thanks … Continue reading
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The Importance of Economic Policy in the 2020 Election
The following article by John Cogan and me responds to commentary on our Wall Street Journal article and emphasizes the importance of economic policy. The Importance of Economic Policy in the 2020 Election John F. Cogan and John B. Taylor … Continue reading
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Economics 1 Again, But So Different
We just finished the second week of Economics 1, Stanford’s introductory economics course, and the namesake of this blog and my twitter account. So far it has been fun, and for the same reasons that I mentioned years ago when … Continue reading
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9/11/2001 and the 18 Years Since Then
Today we remember September 11, 2001 and all that has happened in the 18 years since then. I was in a hotel room in Tokyo when the first plane hit the World Trade Center, recently sworn in as Under Secretary … Continue reading
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Economics 1: Now More Important Than Ever
Two weeks from today, I start teaching Economics 1, Stanford’s introductory economics course, and the namesake of this blog and my twitter account. I am looking forward to it, and for the same three reasons that I gave years ago … Continue reading
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Choice of IMF Managing Director Should Reflect 75 Years of Change
Last week Raghu Rajan and I coauthored an article for the Financial Times. We argued that the IMF should no longer continue the tradition that the Managing Director of the International Monetary Fund be a European. Instead, it should “break … Continue reading
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A Revival of Research on Monetary Policy Rules for the Instruments
Recently I had the opportunity to participate in several conferences on monetary policy: the annual Hoover monetary policy conference at Stanford in May, the 2019 Fed Review conference in Chicago in June, and the Macro Model Comparison Conference in Frankfurt … Continue reading
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Currencies, Capital, Central Bank Balances — 5th in a Series
The most recent book, Currencies, Capital, and Central Bank Balances, in a series on monetary policy has just been published. As the line-up of covers below shows, it is the 5th in a series of volumes emerging from conferences on … Continue reading
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