Scott Sumner recently came up with a new proposal for the Fed: I’m going to propose a compromise between the current policy of $40 bil...

In the ongoing debate over the causes of the slump, one group of observers sees disruptions to the financial system as an important factor....

Joe Weisenthal has a number of post arguing that data are showing the green shoots of a robust recovery.  I hope he is right, but am lee...

Sorry for the blogging hiatus.  I have been busy with other projects--I am seeking tenure after all and have to produce research that count...

Gavyn Davies has a new column where he responds to Michael Woodford's call for a NGDP level target.  Davies is always a good read, b...

The Wall Street Journal reports on the protests sweeping through Tehran: Protests over the plunging Iranian currency erupted on Wednesd...

Here are some assorted musings: 1.  I owe Fed chairman Ben Bernanke an apology.  Based on David Wessel's book , Larry Ball's pa...