George Hall

The fiscal dominance threat to the Fed: macroeconomicpolicynexus.substack.com/p/what-is-the-… @greg_ip, @dandolfa, @JohnHCochrane @HannoLustig @robin_j_brooks (2/2)

What is the biggest threat to Fed independence? In my latest newsletter, I argue it is not political attacks, mission creep, or operating losses. Rather, it’s the looming risk of fiscal dominance driven by dire fiscal outlook. Link below: (1/2)

Recently accepted by #QJE, “Costs of Financing U.S. Federal Debt Under a Gold Standard: 1791-1933,” by Payne, Szőke (@szokeb87), Hall (@George_J_Hall), and Sargent: doi.org/10.1093/qje/qj…

How should policymakers approach tradeoffs that involve different age groups? and at what rate should policymakers discount the consumption of future generations? Maya Eden @MayaREden @BrandeisU suggest these two questions are equivalent: caring more about the future means caring…

How should policymakers approach tradeoffs that involve different age groups? and at what rate should policymakers discount the consumption of future generations? Maya Eden @MayaREden @BrandeisU suggest these two questions are equivalent: caring more about the future means caring…

You could study major wars and conclude that the sectoral reallocation and supply chain strains were driving up the price level in these episodes, but that would not be the whole story, just a part of it, in most cases. pnas.org/doi/10.1073/pn…

Yes, @George_J_Hall's work is the place to go on these questions: people.brandeis.edu/~ghall/ For example, here is a great table from a recent paper that shows how the big three wars were financed:

CC alumni continue to make a difference in the world. Charles Hall ’22 is the latest CC grad to serve in the Peace Corps. Read the story here: 2cc.co/3Qyy5Ig ##ColoradoCollege #CCTigers

#FInancialStability @OFRgov "these cycles echo Minsky’s original narrative for financial cycles" financialresearch.gov/working-papers…

Extending our most heartfelt congratulations to our #PeaceCorps Costa Rica 🇨🇷 team and their newest Volunteers!🙌 Volunteers in Costa Rica work on projects in Community Economic Development, Youth in Development, and Education. Apply today! 👉 bit.ly/40dB36R

Let’s not find out what happens to the economy if the US breaches the debt ceiling trib.al/HEsLRv1

This paper by #ThomasSargent and George Hall @George_J_Hall draws parallel between public finance , labor market and int trade during Covid and the two world wars. A must read. "Three world wars: Fiscal and Monetary Consequences" Below the main charts Thread 1/n

"The Cautionary History of Debt-Limit Gimmicks," an OpEd by Tom Sargent (with G Hall). barrons.com/articles/debt-…

Why is Treasury Secretary Janet Yellen reluctant to circumvent today’s congressional limit on U.S. aggregate debt? Hoover fellow Thomas Sargent and @George_J_Hall discuss the cautionary history of debt-limit gimmicks: hvr.co/3NlPeDu

A fantastic episode of the podcast, @DavidBeckworth @George_J_Hall! I’m looking forward to the bonus segment, but I hope George comes back on to talk debt history again soon! mercatus.org/macro-musings/…

George Hall (@George_J_Hall) on how Salmon Chase successfully financed the Civil War: mercatus.org/macro-musings/…

Really interesting paper by George Hall and Thomas Sargent at @HooverInst conference on how the three world wars were financed. tomsargent.com/research/Three…

A propos of nothing I was thinking today of my older daughter's (Yale-affiliated) daycare class from 7 years ago which had 8 kids, all of them with one or both parents who were Yale assistant professors. Not a single parent ended up getting tenure at Yale.

Anne Laski JMP: "The Currency Hegemon’s Optimal Inflation Rate" Website: sites.google.com/view/annelaski…

🚀What a unique source on economic history for years to come: 👇 The Handbook of Historical Economics is out! sciencedirect.com/book/978012815… @albertobisin @essobecker @jaredcrubin @DrNathanNunn @andreamatranga @sararlowes @felipev84 @joachim_voth @DrDaronAcemoglu @snaidunl @GalorOded