Category Archives: Economics

The Invisible Run-Off

Today, the Alphaville section of the Financial Times published The invisible run-off, in which I discuss a new source of “quantitative tightening” that almost no one seems to have noticed.  I estimate that $350 billion of private funds will be … Continue reading

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My Letter to the Wall Street Journal

The Wall Street Journal just published a letter of mine, Debt Bomb has Shorter Fuse Than Many Citizens Think (credit to them for the snappy title, and to my wife Corrina for invaluable editing).  I respond to the Journal’s recent editorial Obama’s … Continue reading

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Fifth Annual Municipal Finance Conference

On July 12, this year’s Municipal Finance Conference will be held for the first time at the Brookings Institution in Washington, D.C.   The other sponsors are the Brandeis International Business School and the Olin Business School at Washington University in … Continue reading

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The Money We Live With

My friend Matt Hergott has just published The Money We Live With: Understanding the World Through the Prism of Modern Money, an Amazon eBook. From the Introduction: This book is about contemporary money, how it is used by policymakers to … Continue reading

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Fourth Annual Municipal Finance Conference

I hope you can join us in Boston this summer at the Fourth Annual Municipal Finance Conference.  The conference will be hosted on August 7 by Brandeis International Business School and the Federal Reserve Bank of Boston.  The conference has evolved … Continue reading

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Article in Pensions & Investments

An article of mine appeared in the  online edition of Pensions & Investments the other day.  In Did the Treasury undermine the Fed?, I respond to a highly-publicized paper by four Harvard scholars that claimed that the U.S. Treasury sold too much … Continue reading

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“After the Taper” Slides Now Available

On November 3, I gave a talk titled “After the Taper: Risks for the Fed and the Treasury” to the Denver Chapter of the Global Association of Risk Professionals (“GARP”). We had an interesting mix of attendees from around the … Continue reading

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