Book Presentation with John Cochrane: “The Fiscal Theory of the Price Le…
09 Nov 2023 Leave a comment
in budget deficits, business cycles, econometerics, economic growth, economic history, Euro crisis, fiscal policy, global financial crisis (GFC), great depression, great recession, history of economic thought, inflation targeting, macroeconomics, Milton Friedman, monetarism, monetary economics, public economics Tags: monetary policy
What should be done about the Reserve Bank?
19 Oct 2023 Leave a comment
in business cycles, economic history, economics of bureaucracy, inflation targeting, macroeconomics, monetary economics, politics - New Zealand, Public Choice Tags: monetary policy
Monday’s post was on the important place effective accountability must have when government agencies are given great discretionary power which – as is in the nature of any human institutions – they will at times exercise poorly. My particular focus is on the Reserve Bank, both because it is what I know best, because it […]
What should be done about the Reserve Bank?
Blackballing academics for the Monetary Policy Committee?
09 Sep 2023 Leave a comment
in business cycles, macroeconomics, monetary economics Tags: monetary policy
A few months ago, RBNZ and Treasury made some pretty extraordinary claims about the appointment process for external members of the Monetary Policy Committee. Treasury had, in notes released under OIA, said that academic economists with an ongoing research interest in the area were considered conflicted for the MPC.Michael Reddell’s written a lot more on it…
Blackballing academics for the Monetary Policy Committee?
Bob Lucas on Growth, Poverty and Business Cycles 2/5/2007
19 May 2023 Leave a comment
in business cycles, comparative institutional analysis, development economics, economic history, economics of education, growth disasters, growth miracles, history of economic thought, human capital, labour economics, law and economics, macroeconomics, Milton Friedman, monetarism, monetary economics, Robert E. Lucas, unemployment Tags: monetary policy
Cheers for Powell
12 Jan 2023 Leave a comment
in energy economics, environmental economics, global warming, macroeconomics, monetary economics Tags: climate alarmism, monetary policy
Jay Powell’s Stockholm speech lays it out with Gettysburg address clarity and brevity. Relative to usual central-bankerese it’s soaring rhetoric too. …Decisions about policies to directly address climate change should be made by the elected branches of government and thus reflect the public’s will as expressed through elections…. without explicit congressional legislation, it would be inappropriate…
Cheers for Powell
Milton Friedman: worldwide inflation
04 Jan 2023 Leave a comment
in economic history, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: monetary policy
Inflation, according to the monetarists, was caused by an excess supply of money
07 Sep 2022 Leave a comment
Milton Friedman on Keynesian Economics
23 Aug 2022 Leave a comment
in business cycles, economic history, fiscal policy, great depression, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics, unemployment Tags: Keynesian macroeconomics, monetary policy
Milton Friedman – Understanding Inflation
20 Aug 2022 Leave a comment
in budget deficits, business cycles, economic history, fiscal policy, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: inflation, monetary policy
Utopia, you are standing in it! 
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