Synthetic Bonds Are the Answer to Euro-Area Crisis
Education
Public school students would receive
a higher quality education if they all had the option of taking the government
money (local, state, federal) currently being spent on their own
education and turning that money into vouchers that they
could use towards covering the costs of any private school or public school of
their choice (e.g. charter schools).
Responses
Nobels Give Econometrics Pioneers Their Due
Thomas J. Sargent and Christopher A. Sims richly deserve the Nobel Memorial Prize in Economic Sciences they were awarded this week for their seminal work in the fields of macroeconomics and time series econometrics. I was fortunate to have a front-row seat to observe the development of their path-breaking research. Read article>
Lars Hansen on the Sargent and Sims Nobel Prize
The University of Chicago faculty congratulate our former colleague Tom Sargent and our good friend Chris Sims for their well-deserved Nobel Prize “for their empirical research on cause and effect in the macroeconomy”. Nobody is better positioned than Lars Hansen to explain the basis for the award and its significance. Lars has published 3 books […]
Taxes
This week’s IGM Economic Experts Panel poll statements: A) All else equal, permanently raising the federal marginal tax rate on ordinary income by 1 percentage point for those in the top (i.e., currently 35%) tax bracket would increase federal tax revenue over the next 10 years. B) The cumulative budget shortfalls in the US over the next 10 years can be reduced by half (or more) purely by increasing the federal marginal tax rate on ordinary income for those in the top tax bracket.
Last Chance to Save the Euro
The European debt discussions always paint the alternatives as either bail out countries (really, bail out their bondholders) or break up the euro. In fact, the euro and the European economic union would be stronger if countries can default. For that reason, I advocated letting Greece go a year and a half ago when the […]
Monetary Policy
This week's IGM Economic Experts Panel poll statement:
All else equal, the Fed's new plan to increase the maturity of its Treasury holdings will boost expected real GDP growth for calendar year 2012 by at least one percentage point.
All else equal, the Fed's new plan to increase the maturity of its Treasury holdings will boost expected real GDP growth for calendar year 2012 by at least one percentage point.
Compare yourself or your peers to the Clark Center Economics Experts Panel
