Jon Hartley, writing in Forbes, offers a great graph of the overnight Federal Funds rate, This graph  mirrors nicely the graph I posted last week, from “Deviations from Covered Interest Rate Parity” [ … ]

At times South Park is elegant, it questions and answers. And it’s funny. Please watch the video. Laugh… 1 video = 10,000 words (takes a few seconds to load) https://www.adamtownsend.me/wp-content/uploads/2017/04/Choose-Government-or-Religion.mp4

] is a great writer. I have read many of his articles, spent time on his website and gone back into his literary vaults. He wrote posts in the 1980’s [ … ]

Tomorrow’s lecture is, in part, covering a homework on the Great Depression in which the students were asked to redo some of a classic Bernanke and James article on the [ … ]

photo credit: Bigstock The contempt in which we hold most of our politicians, while largely justified, is also dangerous. Politics seems increasingly to be the means by which people who [ … ]

Several correspondents were kind enough to send me additional work on covered interest parity. There are two big questions (and a third at the end): 1) what force pushes prices [ … ]

The February Issue of the Journal of Finance made it to the top of my stack, and it has a lot of good articles. The first two especially caught my [ … ]

Eight years ago President Obama was asked about AIG bonuses. Q    – you received $100,000 from AIG during the campaign.  How do you feel about those contributions today?  Do you plan [ … ]

Paul Krugman presents “Robot Geometry” based on Ryan Avent‘s “Productivity Paradox”. It’s more-or-less the skill-biased technological change hypothesis, repackaged. Technology makes workers more productive, which reduces demand for workers, as their [ … ]

Paul Krugman presents “Robot Geometry” based on Ryan Avent‘s “Productivity Paradox”. It’s more-or-less the skill-biased technological change hypothesis, repackaged. Technology makes workers more productive, which reduces demand for workers, as their [ … ]