Scooby, a very good boy

2009-2024

On Wednesday at the The Brookings Institution, we celebrated the brilliance and contributions of preeminent scholars--who collectively contributed 258 years of scholarship to the Institution. A heartfelt thank you to this group. brookings.edu/articles/honor…

On March 15th I was elected as an honorary fellow of Queens' College Cambridge University.

*Thank you Mohamed A. El-Erian President of Queens’ College Cambridge.

*Congratulations to honorary fellow Professor John Maynard FRS - winner of the 2022 Fields Medal.

queens.shorthandstories.com/queens-welcome…

Here's a short summary of the Economics of Generative AI that Danielle Li and I wrote for the NBER

nber.org/reporter/2024n…

So Harvey Mansfield taught his last class at Harvard. Took his course almost 50 years ago. He was a mesmerizing teacher. A few stories from that time. + harvardmagazine.com/2023/04/harvey…

Helps correct a common misperception about nudging. It is *not* about telling people what to do, it is about improving household decision making *in markets*. Defaults are common in the private sector, for good and bad. Same order as last time? Good. Hard to unsubscribe: Bad.

La Casa Del Waffle

Enjoyed today’s conversation at SABEW, the association for business journalists, with Nick Timiraos. chicagofed.org/publications/s…

BONUS ODD LOTS:

Tracy Alloway and I talked to Richmond Fed President Tom Barkin in Mt. Airy, NC about his macro outlook and why he's not too worried about the hotter-than-expected inflation prints we've seen so far in 2024.

bloomberg.com/news/articles/…

WSJ’s chief economic correspondent Nick Timiraos drills down on inflation with Chicago Fed President Austan Goolsbee in a news-making one-on-one. It’s streaming live on Chicago Fed site chicagofed.org/publications/s…  #SABEW24

New rules will aim to require banks to preposition collateral at the Fed’s discount window.

The proposal could require larger banks to be ready to borrow the equivalent of a significant portion of their uninsured deposits, perhaps around 40% wsj.com/finance/regula…

Over the last 9 years under the leadership of Dean Jeff Brown, Gies has experienced unprecedented growth and increasing levels of excellence across its programs, students outcomes, and faculty scholarship.

Watch: youtu.be/dmbDk50wR70?si…

From #WrigleyField to #JinguStadium , baseball 📷 has served as a cultural bridge between 🇺🇸 and 🇯🇵 for decades, and next year’s National Baseball Hall of Fame and Museum ⚾ museum exhibition will rightly celebrate the contributions made to the game by players on both sides of the Pacific. MLB 日本野球機構（NPB）

Fantastic presentation by Ivan Werning yesterday on old and new perspectives on inflation at the Inter-American Development Bank. It was a pleasure to host Ivan. His insights were very useful for policymakers from throughout Latin America and the Caribbean. Thank you Ivan.

Watch an exceptional line-up of papers on wealth, tax sheltering, nudges, immigration, political divisions, and more at today+tomorrow's at NBER Public Econ mtgs:

nber.org/conferences/pu…

Livestream should be available starting at 9am: youtube.com/nbervideos

Tune in this Friday, 4/19 at 9:30 a.m. CT as Austan Goolsbee joins Nick Timiraos for a Q&A at SABEW, the association for business journalists, on Northwestern's downtown campus. Stream live: chicagofed.org/publications/s…

I would love for more economists (and others) to write these types of pieces when they rotate out of government positions.

Let me also take this opportunity to post a favorite of mine in this genre, from Doug Elmendorf: ifp.org/how-to-transla…

I'm looking forward to joining Nick Timiraos this Friday at SABEW, the association for business journalists, on Northwestern's downtown campus. Stream live on 4/19 at 9:30 a.m. CT: chicagofed.org/publications/s…

Six-year-old steps on the Dulles People Mover.

“Wow, is this first class?!”