Commentary
The Ghost of Christmas Inflation
This is part of an ongoing series of essays on inflation. This one is at Project Syndicate . The next post …
This is part of an ongoing series of essays on inflation. This one is at Project Syndicate . The next post …
Whew. The penultimate draft of The Fiscal Theory of the Price Level is now done, and in the hands of the cop…
I have been emphasizing the Fed's dilemma: If it raises interest rates, that raises the U.S. debt-service…
I wrote a short-ish article for the Journal of Economic Perspectives on Fiscal Theory of the Price Level. It…
This is a short video summarizing papers r<g? and (better) section 6.4 of Fiscal Theory of the Price Le…
I'm working madly to finish The Fiscal Theory of the Price Level . This is a draft of Chapter 21, on how …
Inspired by Casey Mulligan's blog post, I went to read some of the "Build Back Better" bill .…
A podcast discussion with Casey Mulligan. What's in the reconciliation bill? How will it work? Link to …
Another great graph from Torsten Slok at Apollo Foreigners hold less, Fed holds more. However, the Fed doesn…
The debt ceiling dance has started again. Read Treasury Secretary Janet Yellen in the Wall Street Journal . …
An essay at Project Syndicate Inflation in the Shadow of Debt Today’s inflation is transitory, our central ba…
(Note: This post uses mathjax equations. If you see garbled latex code, come to the original source .) The e…
What about Japan? It's a question I often hear from advocates of fiscal expansion. Japan has huge debts a…