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Yearly Archives: 2017
The Disappointments with Post-Great Recession Macroeconomics | Q&A with Kocherlakota |
Welcome to the latest installment of our interview series “Where is the General Theory of the 21st Century?”“Where is the General Theory of the 21st Century?” is an interview series which we ask top economists a very important question: “Why haven’t economists come up...
How to Reform the Federal Reserve System? | Q&A with Kocherlakota |
Welcome to the latest installment of our interview series “Where is the General Theory of the 21st Century?”“Where is the General Theory of the 21st Century?” is an interview series which we ask top economists a very important question: “Why haven’t economists come up...
How the Game of Bank Bargains Created the Financial Crisis? | Q&A with Calomiris |
Welcome to the latest installment of our interview series “Where is the General Theory of the 21st Century?”“Where is the General Theory of the 21st Century?” is an interview series which we ask top economists a very important question: “Why haven’t economists come up...
Cochrane responds to Sumner’s discussion on inflation stabilization regimes
Nothing would make us more proud than seeing intelligent and informed people discuss the ideas we have put forth in the interview series. So it is our great honor to know that there is some excellent discussions on our interview with Ricardo Reis, first...
Is Inequality part of Macroeconomics? | Interview with Branko Milanovic |
Branko Milanovic discusses whether the study of inequality can be considered as part of macroeconomics and how should macroeconomists incorporate his idea of Kuznets Waves into their models.
Global Inequality and Kuznets Waves | Q&A with Branko Milanovic |
Welcome to the latest installment of our interview series “Where is the General Theory of the 21st Century?”“Where is the General Theory of the 21st Century?” is an interview series which we ask top economists a very important question: “Why haven’t economists come up...
How to use Interest on Reserve for Inflation Targeting? | Q&A with Ricardo Reis |
This is the eighth installment of our interview series “Where is the General Theory of the 21st Century?”In this installment, we continue our talk with Professor Ricardo Reis, A.W. Phillips Professor of Economics at the London School of Economics. Reis has shared with us...
Performance of Macroeconomics is not that bad! | Q&A with Ricardo Reis |
In the interview, Ricardo Reis discuss with us his latest research project - "Reservism", the study of the role of reserves on central bank balance sheets and their implications for central bank solvency, quantitative easing, and the ability to control inflation.
What is Payment on Reserves Process?
The payment on reserve process proposed by Robert Hall and Ricardo Reis is a way of remunerating reserves which would give the central bank better control over the price level.The basic intuition is that given the central bank offer reserves that promised an indexed...
What is the Saturated Level of Reserves?
The Saturated Level of Reserves or efficient level of reserves, is the point which the opportunity cost for banks to hold reserves disappears, and became indifferent towards holding more reserves. The reserve demand curve beyond this point becomes close to horizontal.
Interviews
Interview with Paul Romer on large scale Covid testing – Transcript
Edited transcript of our interview with Paul Romer, on why the US urgently to scale up testing for Covid-19 and why he thinks the covid-crisis amounts an intellectual failure
A Macroeconomic Earthquake | Q&A with Larry Christiano
In this interview, Prof Christiano shared his view on the development of post-2008 academic macroeconomics. We’ve asked Prof Christiano does he agree that modern macroeconomic models are too complicated for the general public, or even policymakers and if he agrees that economic models should be “simpler”. Does he think the recent revival of ISLM model a “good trend”? Should Macroeconomists hang on their faith in DSGE models? Should they explore alternative paths?
Understanding the Great Recession | Interviews with Larry Christiano |
Larry Christiano, one of the most prominent researcher on DSGE model, explains what his research "Understanding the Great Recession" tell us about the Great Recession as well as labor participation rate's role in the developments of the Great Recession.
The Disappointments with Post-Great Recession Macroeconomics | Q&A with Kocherlakota |
Welcome to the latest installment of our interview series “Where is the General Theory of the 21st Century?”“Where is the General Theory of the...