NEWS AND IDEAS
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.
Monday, Aug 8, 2016
Why is Europe’s great monetary endeavor, the Euro, in trouble? A string of economic difficulties in Greece, Ireland, Spain, Italy, and other Eurozone nations has left observers wondering whether the currency union can survive.
Tuesday, Jul 26, 2016
Two new post-doctoral research scholars will be joining The Julis-Rabinowitz Center for Public Policy and Finance this fall: Giorgia Barboni and Pierre Bachas.