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June 2025

Central Bank Independence
Fed independence is in the news again, with the on and off again disagreements between President Trump and Chairman Powell.
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John H. Cochrane
42
Interest on Reserves
The proposal, starting with comments from Senator Ted Cruz, that the Congress force the Fed to stop paying interest on reserves is having more legs than…
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John H. Cochrane
32
A new strategy to fight inflation
This is a WSJ op ed, written about the Fed’s strategy review.
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John H. Cochrane
17
Crisis Cycle
Challenges, Evolution, and Future of the Euro
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John H. Cochrane
15
Fannie and Freddy are back again
Op ed at WSJ, which I can post in full now that 30 days have passed
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John H. Cochrane
20
Maybe the price puzzle and NK model are right after all
I recently ran in to a lovely paper by Neil White at Amherst, “The new Keynesian Price Puzzle: Reinterpreting Inflation Dynamics.” This post is closely…
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John H. Cochrane
33
Hoover Monetary Policy and Taylor Conference
May 9 we had the Hoover Monetary Policy conference, and this year it was combined with a conference in honor of John Taylor.
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John H. Cochrane
4

May 2025

April 2025

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