(at Project Syndicate ) The Liz Truss Tragedy The former British prime minister’s downfall holds important lessons for growth-minded policymakers in the United States, Europe, and elsewhere. While her diagnosis of the country’s e…

Expectations and the Neutrality of Interest Rates  is a new paper. It's an essay, really, expanding on a lunch talk I was privileged to give at the Minneapolis Fed "Foundations of Monetary Policy" conference  in hon…

Behold the Phillips curve, one more statistical correlation treated as an eternal verity that our inflationary era has just undermined.  From 2007 to 2019, the standard observation was "The Phillips curve has become flat.&qu…

Doug Irwin of Dartmouth gave a really informative talk at the Hoover Economic Policy Working Group, based on his paper The Trade Reform Wave 1985-1995 , AER May 2022.  Embed (hopefully) below, or go to the link here .     Doug op…