As the global economy weakens and markets grow more volatile, it is hard to imagine a worse time to stop 25% of US federal spending for…
Two distinct questions are of interest. (1) To what extent should the central bank be constrained, versus being allowed full discretion…
Monetary Alchemy, Fiscal Science. Jeffrey Frankel, January 17, 2019, Opinion, "The year 2013 marks the 100th anniversaries of two…
Shutdown Shock May Endure for Federal Workers. Michael Luca, January 17, 2019, Opinion, "The ongoing government shutdown has led to a…
Negative Nominal Interest Rates and the Bank Lending Channel. Lawrence Summers, January 2019, Paper, "Following the crisis of 2008, several…
Risks to the Global Economy in 2019. Kenneth Rogoff, January 11, 2019, Opinion, "Over the course of this year and next, the biggest…
There Is "Significant Risk" Of Recession. Lawrence Summers, January 10, 2019, Video, "There is “significant risk” of a recession in the…
The Shutdown Could Disrupt The U.S. Economy In A Big Way. Nancy Koehn, January 8, 2019, Audio, "Will the government shutdown have a long-…
Snake-Oil Economics. N. Gregory Mankiw, 2019, Paper, "A study by Robert Barro (a conservative economist at Harvard) and Furman (a liberal…
Federal government shutdowns are the modern equivalent of duels — a dumb and immature way to resolve disputes. The current shutdown has…