Reader John (sometimes Jack), who disapproves of my posts on Wisconsin, politely asks:
Dr Chinn,
Would you be willing to flesh out your background so as to better understand your positions in your research and blog postings?
Where were you born?
Where were your parents born?
Do your parents espouse your same political leanings?
Do you intend to remain in Wisconsin after you retire?
If not, where do you intend to move to?
Today, we’re fortunate to have Alex Nikolsko-Rzhevskyy, Assistant Professor of Economics at Lehigh University, David Papell and Ruxandra Prodan, Professor and Clinical Assistant Professor of Economics at the University of Houston, as Guest Contributors.
The Financial Times has published some further discussion on who should be the next Fed Chairman.
Brad DeLong argues for Larry Summers, and
I make the case for Janet Yellen.
…in the minds of the too-busy-to-consult-data, but have time to comment on blogs
For some people this is a tough question; that’s because they’re using the wrong framework
The BEA released today its comprehensive national account revisions, according to which real GDP grew at a 1.7% annual rate in 2013:Q2. Although this was above the 1.1% rate that many analysts were expecting, the new estimates also revise down the growth rates that were previously reported for 2012:Q4 and 2013:Q1, with the growth rate over these quarters now estimated to have been 0.1% and 1.1%, respectively, down from the 0.4% and 1.8% figures that had been reported last month.
One of the things that mystifies me is a branch of the asset pricing literature which models exchange rates as a function of a “factor” or “factors”. It’s not that I don’t think they make sense, statistically; it’s that my mind wants to know what those “factors” are.
I wanted to express some of the reasons why I feel that Janet Yellen would be an outstanding choice to head the Federal Reserve.
Paul Krugman is among those starting to be concerned about an economic downturn in China. Here are my thoughts on this issue.
Having coauthored an entire book on the financial crisis of 2008 (Lost Decades, with Jeffry Frieden) I think that one of the most important qualities for a policymaker is the ability to look forward, and assess potential dangers and understand why those dangers arise. Looking back to 2007, it’s of interest to see who foresaw the impact of adverse feedback loops in the financial system as risk was repriced.