The Economist characterizes the work of who it views as the eight best economists of the decade. Most of their work is empirical. The eight are: Isaiah Andrews, Melissa Dell, Nathaniel Hendren, and Stefanie Stantcheva of Harvard Parag Pathak and Heidi Williams of MIT Emi Nakamura of UC Berkeley Amir Sufi of Chicago Booth
Read More »The Best Economists
The Economist characterizes the work of who it views as the eight best economists of the decade. Most of their work is empirical. The eight are: Isaiah Andrews, Melissa Dell, Nathaniel Hendren, and Stefanie Stantcheva of Harvard Parag Pathak and Heidi Williams of MIT Emi Nakamura of UC Berkeley Amir Sufi of Chicago Booth
Read More »McAndrews on Narrow Banking
At an AEI event in Washington, James McAndrews discussed narrow banking and the Federal Reserve’s opposition to McAndrews’ “The Narrow Bank USA Inc.” His slides emphasize the fact that a narrow bank can help achieve goals that Federal Reserve representatives themselves promoted in the past.
Read More »McAndrews on Narrow Banking
At an AEI event in Washington, James McAndrews discussed narrow banking and the Federal Reserve’s opposition to McAndrews’ “The Narrow Bank USA Inc.” His slides emphasize the fact that a narrow bank can help achieve goals that Federal Reserve representatives themselves promoted in the past.
Read More »TIPS Goes Online
The ECB launches its Target Instant Payment Settlement (TIPS) system, which facilitates instant money transfers between banks and allows end users connected to those banks to make instant retail payments across the Euro zone. Report in the FAZ. Last year’s report by Mehreen Khan in the FT. From the ECB’s website: TIPS was developed as an extension of TARGET2 and settles payments in central bank money. TIPS currently only settles payment transfers in euro. However, in case of demand other...
Read More »TIPS Goes Online
The ECB launches its Target Instant Payment Settlement (TIPS) system, which facilitates instant money transfers between banks and allows end users connected to those banks to make instant retail payments across the Euro zone. Report in the FAZ. Last year’s report by Mehreen Khan in the FT. From the ECB’s website: TIPS was developed as an extension of TARGET2 and settles payments in central bank money. TIPS currently only settles payment transfers in euro. However, in case of demand other...
Read More »Justice and the German Public Debate
On German TV, stand-up comedian Dieter Nuhr exposes the contradictions of calls for justice and equality that characterize much of the German public debate. His hour-long performance could well serve as a lecture in economics and ethics.
Read More »Justice and the German Public Debate
On German TV, stand-up comedian Dieter Nuhr exposes the contradictions of calls for justice and equality that characterize much of the German public debate. His hour-long performance could well serve as a lecture in economics and ethics.
Read More »IMF’s Lagarde Open to CBDC
At a conference in Singapore, IMF Managing Director Christine Lagarde has argued that [w]hile the case for digital currency is not universal, we should investigate it further, seriously, carefully and creatively. In her speech she emphasizes potential benefits related to financial inclusion; security and consumer protection; and privacy. (Privacy would be limited however.) She sees risks as well, including to innovation. But she de-emphasizes the notion of increased run risk which...
Read More »IMF’s Lagarde Open to CBDC
At a conference in Singapore, IMF Managing Director Christine Lagarde has argued that [w]hile the case for digital currency is not universal, we should investigate it further, seriously, carefully and creatively. In her speech she emphasizes potential benefits related to financial inclusion; security and consumer protection; and privacy. (Privacy would be limited however.) She sees risks as well, including to innovation. But she de-emphasizes the notion of increased run risk which...
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