Wednesday, March 30, 2022

Webinar Tomorrow

Tomorrow, I will be giving a webinar on the 40-year decline in real interest rates. If you are interested, click here.

Friday, March 25, 2022

Government Debt and Capital Accumulation in an Era of Low Interest Rates

I spoke at a Brookings panel today on the topic in the title of this post. Here you can watch my presentation. I am the first speaker.


Monday, March 14, 2022

Mr. Pigou, Meet Mr. Putin

Harvard's Ricardo Hausmann says a large tax on energy imports from Russia is a policy worth considering, perhaps better than an embargo.

Saturday, March 12, 2022

A Great Question

 ...from Jon Steinsson:

Imagine going 3 years back in time and asking any Fed official what they would do if CPI inflation was 7.9% (and core CPI inflation 6.4%).

Does "We will raise rates by 25bp" sound plausible?

Could add to the question: And the unemployment rate is 3.8 percent.