News and upcoming events
Thursday, April 25. Trade and American Leadership: The Paradoxes of Power and Wealth from Hamilton to Trump, Craig VanGrasstek, HKS. 11:45am-1pm, Bell Hall.
The IRS chief must release Trump's tax returns--and Mnuchin must not stop him. Lawrence H. Summers, The Washington Post
Tim Massad's associate working paper, It's time to strengthen the regulation of crypto-assets; summary here.
Donald Trump and Xi Jinping are missing a trick over trade. Jeffrey Frankel, The Guardian
Jason Furman's report, Unlocking digital competition, Report of the Digital Competition Expert Panel. Read more coverage here and here.
Risky Retirement Business. Carmen Reinhart, Project Syndicate
Read the Center's Spring 2019 newsletter here (PDF)
After the financial crisis, countries around the world significantly expanded the objectives and powers of central banks. As central banks have acquired more powers, the trade-off between independence and accountability has become more complex and as a result, the pre-crisis academic consensus around central bank independence has broken down and popular discontent towards central banks is growing. Ed Balls, James Howat and Anna Stansbury have co-authored a working paper, Central Bank Independence Revisited: After the financial crisis, what should a model central bank look like?
Paul Tucker, M-RCBG research fellow and chair of the Systemic Risk Council, spoke on this topic at the Annual Robert Glauber Lecture on October 24, 2018: Reinforcing Financial Stability in a Crumbling International Order. Watch the video here.
"It is often said that the chair of the Federal Reserve is the second most important person in Washington. I'm not sure the statement is exactly right, but that it is plausible is, in a sense, remarkable. Why should the second most important person in Washington not be elected by the people or at least directly accountable to and subject to dismissal by elected officials?"
Lawrence H. Summers
Charles W. Eliot University Professor
Director, Mossavar-Rahmani Center for Business & Government
Related: Washington may bluster but cannot stifle the Chinese economy
The costs and benefits of #deficits, according to @JasonFurman and @LHSummers in @PIIE https://t.co/d8KmTpTUZi
More info @dreidel1's upcoming study group here: https://t.co/U3o6okZlx4 https://t.co/Y8w68j1GH2
The HEEP Paper Prize deadline is getting close! HEEP will award three prizes (undergrad, masters, doctoral) for the best research papers addressing topics in environmental, energy, and natural resources economics. Deadline is May 2: https://t.co/ZVkm8sfsB6
The costs and benefits of #deficits, according to @JasonFurman and @LHSummers in @PIIE https://t.co/d8KmTpTUZi
The HEEP Paper Prize deadline is getting close! HEEP will award three prizes (undergrad, masters, doctoral) for the best research papers addressing topics in environmental, energy, and natural resources economics. Deadline is May 2: https://t.co/ZVkm8sfsB6
More info @dreidel1's upcoming study group here: https://t.co/U3o6okZlx4 https://t.co/Y8w68j1GH2
The costs and benefits of #deficits, according to @JasonFurman and @LHSummers in @PIIE https://t.co/d8KmTpTUZi
More info @dreidel1's upcoming study group here: https://t.co/U3o6okZlx4 https://t.co/Y8w68j1GH2
The HEEP Paper Prize deadline is getting close! HEEP will award three prizes (undergrad, masters, doctoral) for the best research papers addressing topics in environmental, energy, and natural resources economics. Deadline is May 2: https://t.co/ZVkm8sfsB6
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