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Late Admissions
Glenn Loury’s “Late Admissions” memoir is superb. Read it. Better, get the audiobook, read by Glenn, and listen to Glenn tell you about his life in his…
Jun 20
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John H. Cochrane
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Late Admissions
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Ending Bailouts is Simple, but it Isn't Easy
30 days have passed, so I can post the full Wall Street Journal Oped with Amit Seru. Previous post with commentary and link to the underlying paper.
Jun 14
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John H. Cochrane
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Ending Bailouts is Simple, but it Isn't Easy
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May 2024
Inflation, Monetary and Fiscal Policy, and Japan. Part 5, Sustainability
(This is part 5 of a longer essay. The whole thing pdf here if you prefer.) 5. Fiscal Limits on Monetary Policy, Debt Sustainability and Future…
May 30
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John H. Cochrane
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Inflation, Monetary and Fiscal Policy, and Japan. Part 5, Sustainability
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Inflation, Monetary and Fiscal Policy, and Japan. Part 4: Decisive Experiments
(This is part 4 of a longer essay. The whole thing pdf here if you prefer.)
May 30
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John H. Cochrane
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Inflation, Monetary and Fiscal Policy, and Japan. Part 4: Decisive Experiments
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Inflation, Monetary and Fiscal Policy, and Japan, Part 3. Post-covid inflation
(This is part 3 of a longer essay. The whole thing pdf here if you prefer.)
May 30
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John H. Cochrane
11
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Inflation, Monetary and Fiscal Policy, and Japan, Part 3. Post-covid inflation
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Inflation, Monetary and Fiscal Policy, and Japan, part 2: Fiscal Theory Review
(This is part 2 of a longer essay. The whole thing pdf here if you prefer. The fiscal theory review will be familiar to dedicated blog readers, but I…
May 30
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John H. Cochrane
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Inflation, Monetary and Fiscal Policy, and Japan, part 2: Fiscal Theory Review
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Inflation, Monetary and Fiscal Policy, and Japan, Part 1: A Different Narrative
This is a paper I wrote for the 2024 Bank of Japan Institute for Monetary and Economic Studies Conference. pdf here if you prefer that format.
May 30
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John H. Cochrane
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Inflation, Monetary and Fiscal Policy, and Japan, Part 1: A Different Narrative
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Expectations and the Neutrality of Interest Rates, Final Version
“Expectations and the Neutrality of Interest Rates” is published, Review of Economic Dynamics 53 (2024) 194–223. Until July 2 2024 you can view and…
May 23
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John H. Cochrane
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Expectations and the Neutrality of Interest Rates, Final Version
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Hoover Monetary Policy Conference, with Videos
The videos from the May 3 Hoover Monetary Policy Conference are now up on the conference website, here, along with slides. A short summary, to entice…
May 15
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John H. Cochrane
19
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Hoover Monetary Policy Conference, with Videos
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The Second Great Bailout
This post covers a new article, “Ending Bailouts, at Last,” with Amit Seru in the Journal of Law Economics and Policy, and the associated WSJ oped…
May 14
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John H. Cochrane
30
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The Second Great Bailout
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Fiscal Tidbits, part 2
(This continues “fiscal tidbits.” The post got too long for substack. Tidbits are turning into a banquet.) Supply shocks?
May 10
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John H. Cochrane
19
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Fiscal Tidbits, part 2
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Fiscal Tidbits, Part 1
A few fiscal theory related tidbits came up in the last few weeks. I’m still in the mode of story telling in advance of formal models, but vaguely…
May 10
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John H. Cochrane
27
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Fiscal Tidbits, Part 1
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