The Journal of Economic Perspectives is a general-interest publication of the American Economic Association, designed to make the results of economic research more accessible to non-specialists and policy makers. I got to take part in its symposium on “Financial Regulation … read more
The focus of financial markets is squarely upon stress tests for almost 100 European banks. European politicians and financial authorities are already predicting that the results will be judged a success. They are right that this is an important signal. … read more
The Senate’s passage of the Dodd-Frank financial reform bill is an event too discouraging to comment upon at length. What does it suggest we have learned as a nation from the past few years of financial turmoil? • The failure … read more
The Federal Reserve’s policy setting group, the Federal Open Market Committee (FOMC), provides a documentary record of their deliberations in the form of lightly edited transcripts that are released with a five-year lag. The latest installment, all transcripts from 2004, … read more
So, it had to happen one day. Donald L. Kohn, vice chairman of the Federal Reserve Board of Governors, announced his intention to retire in late June. Don had worked his way up through the staff ranks to his current … read more
