Today we are pleased to present a guest contribution by Alessandro Rebucci, of the Johns Hopkins Carey Business School. This post is based on “Blockchain Technology and Government Applications: A Proposal for a Global Patent Office” (with E. Di Nicola Carena and P. La Mura), in A. Fatás (editor), The Economics of Fintech and Digital Currencies, CEPR ebook, Fintech and Digital Currencies Policy and Research Network, CEPR March 2019.
Born in the U.S.A.
Today, Mr. Trump tweeted about four congresspersons of color:
….viciously telling the people of the United States, the greatest and most powerful Nation on earth, how our government is to be run. Why don’t they go back…
Why Drop Rates?
My answer on Marketplace yesterday was essentially “why not”. On macro grounds, with prospects for economic activity softening, a bit of insurance isn’t too crazy.
Exchange Rates: Some Recent Papers
I’ve spent the last week at the NBER’s Summer Institute, attending sessions on International Finance and Macro, International Asset Pricing, and International Trade and Macro (among others)…Here are some interesting/provocative exchange rate papers I saw presented (if off the list, I might’ve missed the paper’s presentation). Other interesting papers in a near-future post.
Is There a Relationship between Inflation and Unemployment?
Or, old fogey downloads data, finds a negative relationship, a.k.a. the Phillips Curve…
Using Survey Expectations in FX Analyses
At the NBER IFM Summer Institute session on exchange rates yesterday, the debate over the use of survey data rekindled. In Exchange Rate and Interest Rate Disconnect, Şebnem Kalemli-Özcan and Liliana Varela used survey data on exchange rate depreciation. The discussant Adrian Verdelhan (MIT) and audience members questioned whether such data actually measured what we thought they measured market expectations.
Did So-Called Obama Era Regulatory Uncertainty Hurt Agricultural Equipment Investment?
As implied by WSJ ed board, via Thune, e.g. Mebbe. Sure doesn’t look like it at first glance. On the other hand, through 2018, Trump’s trade policies and associated trade policy uncertainty haven’t helped much…
The New Fama Puzzle Persists
Comparing shipping costs and industrial production as measures of world economic activity
That’s the title of my latest contribution at Vox CEPR Policy Portal.
Of Sugar Highs, Uncertainty, and Recession
Growth is already slated to decelerate, but in the absence of the Tax Cuts and Jobs Act, it might have decelerated even more; on the other hand in the absence of crazy high policy uncertainty, growth might have been faster…
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