Econbrowser is pleased to host these remarks from Stanford Professor John Taylor, which were delivered at the memorial service held at Hoover Institution and Stanford University on January 22.
Author Archives: James_Hamilton
New takes on the New Deal
There’s a really interesting Econoblog this week featuring Arnold Kling and Brad DeLong. Unlike the slugfest between
Menzie and
Kash, there are actually some profound disagreements between these two.
GM and Ford down, Toyota and Nissan up
Stop me if you think you’ve heard this one before.
Where did all that GDP growth come from?
The Bureau of Economic Analysis reported today that U.S. real GDP grew at an annual rate of 3.5% in the fourth quarter of 2006, more than most of us had been anticipating, and far better than the 0% growth that Nouriel Roubini had been predicting for 2006:Q4 as recently as November 28.
Cantarell in decline
Production from Mexico’s Cantarell oil field is falling quickly.
The housing market and the Federal Reserve
More evidence that the housing market has stabilized, consistent with the recent policy stance of the Federal Reserve.
San Diego Economic Roundtable
I participated this morning in the 23rd Annual San Diego County Economic Roundtable discussion of prospects for the national and local economy. Slides from my remarks are available here and video from the event will be rebroadcast locally a number of times (schedule here).
My bottom line? I think 2007 will be disappointing, but not a disaster.
UPDATE: the event has also been covered by the San Diego Union Tribune.
Derek Neal for president
I can’t pass up this opportunity to brag about another one of my former students– Matthew Kahn says that Derek Neal would make a good president.
Matthew’s right.
What would Milton do?
What with next Monday apparently having been declared Milton Friedman Day, I thought I might try to contribute to the festivities with some thoughts on how recent U.S. monetary policy might be evaluated from a Friedmanesque perspective.
Commodity speculation
Two stories this week give me some concern.