Joe Biden’s chief economic adviser joins a proactive investor who was one of the largest private investors in …
Volume 32
The First Modern Financial Crises: The South Sea and Mississippi...
The twin South Sea and Mississippi bubbles of 1720 inaugurated the new age of modern finance. Both of …
The Euro @ 20: How Economic and Financial “Asymmetries” Marred...
The launch of the single currency in 1999 rekindled the European Union’s momentum toward deeper integration. And yet …
The Economic (Not Literary) Offenses of Michael Lewis: The Case...
In a shameless abuse of editorial prerogative, the editor of this journal uses Lewis’s bestseller as a pretext …
Convergence and Reversion: China’s Banking System at 70
During its 70-year existence, China’s modern banking system has typically been ill used by its government. Nevertheless, after …
Apocalypse Averted: The COVID-Caused Liquidity Trap, Dodd-Frank, and the Fed
In an article published in this journal in 2012, the author challenged the conventional wisdom that a major …
Rethinking Macro Measurement
Economists have long recognized that widely reported and followed economic indicators such as GDP, productivity, and real wage …
The Poverty of Monetarism
In this edited transcript of a lecture presented in Beijing in December 2019, the author provides a critique …
Columbia Business School Roundtable on The Fed’s Response to the...
A former Federal Reserve Governor (from 2006-2008) and a former Treasury official discuss the Fed’s and U.S. government’s …
The Benefits of Buying Distressed Assets
Studies of mergers and acquisitions have struggled to identify characteristics of M&A transactions that are consistently associated with …