NEWS AND IDEAS
Thursday, Sep 29, 2016
Like the vast majority of his fellow economists, former Bank of England Chief Economist Sir John Vickers acknowledges having had no special premonition of the financial crisis in 2008 and of having been blindsided by the severity of the crisis and its impact on the banks and the financial system.
Tuesday, Sep 27, 2016
Aslihan Asil, Undergraduate Associate of JRCPPF, was awarded the George B. Wood Legacy Junior Prize at Opening Exercises on Sunday, Sept. 11. The prize is given to members of the senior class in recognition of exceptional academic achievement during junior year.
Monday, Aug 29, 2016
The Financial Times quoted Markus Brunnermeier as giving the following advice to Central Bankers on the advisability of negative interest rates: "Yes you can go negative, but check your banking system before you do it, and don't do it loo long, and do it in the right sequence." Brunnermeier's research has been looking at the possibility that as rates are cut they can become counter-productive
Friday, Aug 26, 2016
Chris Sims, John F, Sherrerd '52 Professor of Economics at Princeton and Economics Noble Laureate, gave the Luncheon address at this year's Economic Symposium at Jackson Hole. The theme of the symposium was "Designing Resilient Monetary Policy Frameworks for the Future." He advocated for increased government spending to accelerate growth and warned that the focus on innovative monetary policy was distracting from the need to take action on the fiscal front.