Pathology, Prophylactics and Palliatives
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/Prospect Magazine asked a number of PhD Economists and Economic commentators what is the one lesson they wish Economists would learn. Imagine... Read More
To Change Economics, Build a New Model
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“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”... Read More
The Committee to Save the Banks – Part I: The Background
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The Committee to Save the Banks sat down for a lengthy, friendly interview for the tenth anniversary of the Great Financial Crisis. What the... Read More
The Committee to Save the Banks – Part III: Paulson the Puppet Master
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Before looking at how the Committee to Save the Banks reacted to the acute phase of the financial crisis in 2008, it... Read More
Stiglitz, Friedman and the Information Matrix
The Information Matrix sheds new light on a decades long argument between Nobel prize winning Economists Joseph Stiglitz and Milton Friedman. The... Read More
The Sorry State of Central Bankers’ Understanding of Transparency
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Geoff Bascand, Deputy Governor of the Reserve Bank of New Zealand, provided an excellent snapshot of the current state of central bankers’ understanding... Read More
PhD Economist Derp: Financial-Storm Forecaster
Perhaps the peak of PhD Economist Derp occurred when several Nobel prize winning Economists publicly calling for the creation of the Office... Read More
PhD Economist Derp: Assume Transparency Exists
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Yesterday, I wrote about a 1926 Atlantic Magazine article written by William Z. Ripley. This article, Stop, Look, Listen! The Shareholders’ Right to... Read More
Information Matrix and Brevan Howard Centre Research Agenda
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Recently, I stumbled across the research agenda for the Imperial College London’s Brevan Howard Centre for Financial Analysis. The Lion’s Share of... Read More
PhD Economist Derp: Shadow Banking is a Creature of the Night
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Since the acute phase of the Great Financial Crisis began in September 2008, there has been an explosion of articles by PhD... Read More
PhD Economist Derp: The Pretense of Knowledge
PhD Economist Derp knows no limits when their self-proclaimed expertise in markets is challenged. Harvard professor Dani Rodrik suggests ten commandments for... Read More
PhD Economist Derp: Didn’t See Crisis Coming, But Listen to Us on How to Fix
In late 2008, the Queen of England asked why the Economics profession didn’t see the financial crisis coming. Since then PhD Economist... Read More
PhD Economist Derp: Safe Assets
Safe assets represents yet another area of massive PhD Economist Derp. As the ECB said in its review of the literature on... Read More
PhD Economist Derp: What is it?
Nobel prize winning Economist Paul Krugman explains what is a sure sign of when a PhD Economist is being a “derp”: OK, so... Read More
PhD Economist Derp: Informationally-Insensitive Debt
Nobel prize winning Economist Paul Krugman explains what is a sure sign of when a PhD Economist is being a “derp”: OK, so... Read More