
Source: Wall Street JournalSo, what's up with Bitcoin? Is it a "bubble?'' A mania of irrational crowds?It strikes me as a fairly pure instance of a regularly occurring phenomenon in financial markets, one that encompasses some "excess valuations" in stock markets, gold and commodities,...

Eight Heresies of Monetary Policy This is a talk I gave for Hoover, which blog readers might enjoy. Yes, it puts together many pieces said before. This post has graphs and uses mathjax for equations, so if it isn't showing come back to the original. Also here is a pdf version which...
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HEPAC SeminarSpeaker: Professor Kevin Volpp, University of Pennsylvania,Title: Behavioral Economics and HealthVenue: AMB_G065 (Psychology Building)Time: December 7, 4.30 – 6.00Kevin Volpp, University of Pennsylvania, is the Janet and John Haas President’s Distinguished Professor of Medicine and Medical Ethics and Policy at the Perelman School of Medicine...
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Monday, November 20, 2017
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Full details here - Several posts and hiring in all areas. Applications are invited for positions as Lecturer\Assistant Professor in the UCD School of Economics. Applicants must have an active research track record and be an effective communicator capable of excellence in teaching at undergraduate and postgraduate levels. Applications...

To illustrate MV = PY. (It was MV=PT then.) In Irving Fisher, "The Equation of Exchange 1896-1910," The American Economic Review Vol. 1, No. 2 (June, 1911), pp. 296-305, via JST...

Mind the Gap is an extraordinary blog post on land use regulations. (HT the dependably excellent Marginal Revolution.) It is great for its detail, but most of all for its fresh voice. Sure, send one of my free-market economist friends in to examine the pathologies of any city, and...

The WSJ has two good and related opeds on energy and transport subsidies recently, Randall O'Toole on Last Stop on the Light-Rail Gravy Train and Lee Ohanian and Ted Temzelides write on energy and transport subsidiesO'Toole:Last month, Nashville Mayor Megan Berry...
The real questions the Fed should ask itself. This is a cleaned up and edited version of a previous blog post, commenting among other things on Janet Yellen's Jackson Hole speech in favor of most of Dodd Frank, that appeared in the Chicago Booth Review. When you think of the Fed, think more of the giant regulator than about where interest rates...
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Wednesday, November 8, 2017
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Our research group in UCD seeks to recruit PhD students and postdoctoral researchers in the area of behavioural economics. While we will consider applications across a wide range of areas, a particular focus of our work is on the development of naturalistic methods such as experience sampling and day reconstruction in behavioural economics to study...
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Sunday, November 5, 2017
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Please see details on this this link of postdoctoral fellowships funded by the Irish government. The deadline is the end of November. We are happy to speak to people interested in pursuing postdoctoral work in the area of behavioural science and behavioural economi...

The newspapers report today that President Trump has decided to nominate Jerome Powell to replace Janet Yellen as Fed Chair.The Federal Reserve's mandate is to "promote maximum employment, stable prices, and moderate long- term interest rates." Ms. Yellen can look...
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See below from the ODI. Dear Professor Delaney,The ODI Fellowship Scheme has been sending young postgraduate economists (and, as of 2014, statisticians) to work in the public sectors of developing countries in Africa, Asia, the Caribbean and the Pacific on two-year contracts since 1963. Providing an excellent opportunity to...
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Wednesday, November 1, 2017
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Commentary
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Taxes

The tax discussion is moving to personal income taxes, and the world is waiting to hear the actual Republican proposal, due tomorrow (Thursday).With apologies to blog readers who know all this in their sleep, I thought I might explain just why (some) economists keep chanting "broaden...