Central banking after the pandemic: challenges ahead This year’s conference focused on the question of how central banks can meet their mission to preserve the value of money. The sessions focused on inflation – the containment of which is an important aspect of preserving money’s value – as well as preserving the value of money from the longer-term, structural perspective, focusing on the challenges of digital innovation. Program
Read More »Economic Journalism Award 2022
Der diesjährige Preis der Schweizerischen Gesellschaft für Volkswirtschaft und Statistik geht an Hansueli Schöchli. Pressemitteilung. Le prix de cette année de la Société suisse d’économie et de statistique est décerné à Hansueli Schöchli. Communiqué de presse. Il premio di quest’anno della Società svizzera di economia e di statistica va a Hansueli Schöchli. Comunicato stampa. This year’s prize of the Swiss Society of Economics and Statistics goes to Hansueli Schöchli. Press...
Read More »G20 Side Event, Bali
4th IFAWG Meeting — G20 Side Event on Macro-Financial Implications of CBDC, Bali
Read More »When Children Die
Interview in NZZ with the leader of the palliative care section at the University of Zurich’s childrens’ hospital: Wie sprachen [Kinder] darüber [ihre Ahnung, bald sterben zu müssen]? Ein Kind sagte, es müsse zwei Koffer packen. Den einen nehme es auf seine Reise mit, den anderen lasse es zu Hause, damit es nicht vergessen werde. Ein anderes wollte auf einem Besen in den Himmel reiten. Ich habe auch schon ein kleines Kind erlebt, das kaum sprach und plötzlich zu seinen Eltern sagte, wie...
Read More »“Life Among the Econ”
By Axel Leijonhufvud, September 1973, Economic Inquiry. The Econ tribe occupies a vast territory in the far North. Their land appears bleak and dismal to the outsider, and travelling through it makes for rough sledding; but the Econ, through a long period of adaptation, have learned to wrest a living of sorts from it. They are not without some genuine and sometimes even fierce attachment to their ancestral grounds, and their young are brought up to feel contempt for the softer living...
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Read More »Learning from Lucas
Tom Sargent describes how he learnt macroeconomics the Lucas way, starting from the Cowles Commission approach and digesting Muth’s (or Richardson’s?) rational expectations.
Read More »“Kampf um die Währungshoheit (Defending Monetary Sovereignty),” SM, 2022
Schweizer Monat, April 2022, with Markus Brunnermeier. PDF. We describe challenges the digital money revolution poses for central banks and predict that more and more monetary authorities will introduce CBDCs.
Read More »White House on Digital Assets
An executive order dated March 9, 2022 outlines what is on the White House’s mind: The United States has an interest in responsible financial innovation, expanding access to safe and affordable financial services, and reducing the cost of domestic and cross-border funds transfers and payments, including through the continued modernization of public payment systems. We must take strong steps to reduce the risks that digital assets could pose to consumers, investors, and business...
Read More »Passports for Sale
Henley & Partners lists what is costs. A growing number of countries host residence and citizenship by investment programs (also known as golden visa programs) that offer a variety of attractive investment options designed to cater to each family’s unique requirements. In an unsettled, ever-changing world, wealthy individuals need a plan B for themselves and their families — one that offers them a safer place to live in times of crisis, while also providing them with greater access to...
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