Have a very long travel day ahead of me, so no more posts until later...
Saturday, December 27, 2014
Thursday, November 06, 2014
It's a travel day, and I don't have time for any more posts until later (hopefully). So I'll turn it over to you in comments to fill in the gap. Thanks.
Wednesday, August 20, 2014
I am here today:
19-23 August 2014, Lindau, Germany
Lindau Meeting of the Laureates of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
The 5th Lindau Meeting on Economic Sciences will provide an open exchange of economic expertise and inspire cross-cultural and inter-generational encounters among economists from all over the world. From 19 to 23 August, the participating 18 Nobel Laureates and 460 young scientists will have plenty of opportunity for an intensive exchange of ideas.
The meeting will open on 20 August with a keynote address by the German Chancellor Angela Merkel, and will also feature “a panoramic view on the situation and prospects in Latin America” by Mario Vargas Llosa, the 2010 Nobel Laureate in Literature. The scientific programme will address central fields of the discipline, ranging from econometrics, game theory, and neo-classical growth theory to mechanism design and systemic risk measurement. The overarching question “How useful is economics – how is economics useful?” will also be subject of the meeting’s closing panel debate on Mainau Island on Saturday, 23 August.
The scientific programme of the 5th Lindau Meeting on Economic Sciences will comprise lectures and panel discussions (accessible for all registered meeting participants and guests), as well as discussion sessions and master classes (both accessible only for participating Nobel Laureates and young scientists).
A detailed version of the programme including all lecture titles of the participating laureates with links to their abstracts is available in the Lindau Mediatheque. Please find a PDF version of the printed programme here. To get an overview of the meeting schedule you can also download the programme structure.
18 Laureates will attend the 5th Lindau Meeting on Economic Sciences. Among 17 economists there will also be Mario Vargas Llosa, Nobel Laureate in Literature in 2010, participating in the meeting. Please find further information on the Laureates' profiles including their CVs in the Lindau Mediatheque.
Peter DiamondLars Peter Hansen
Robert C. Merton
Mario Vargas Llosa
Wednesday, 20 August
8.30 Plenary Lecture Inselhalle Lars Peter Hansen Uncertainty and Valuation
09.00 Plenary Lecture Inselhalle Alvin E. Roth Repugnant Markets and Prohibited Transactions
09.30 Plenary Lecture Inselhalle Edmund S. Phelps Bringing Dynamism, Homegrown Innovation and Human Flourishing into Economics
10.00 Coffee Break
10.30 Plenary Lecture Inselhalle Christopher A. Sims Inflation, Fear of Inflation, and Public Debt
11.00 Plenary Lecture Inselhalle Vernon L. Smith Rethinking Market Experiments in the Shadow of Recessions: The Good and the Sometimes Ugly; Propositions on Recessions
14.00 Opening Ceremony Inselhalle Opening Ceremony
Angela Merkel Chancellor of the Federal Republic of Germany Master of Ceremony
16.00 Discussion Lars Peter Hansen Discussion with young scientists
16.00 Discussion Edmund S. Phelps Discussion with young scientists
16.00 Alvin E. Roth Discussion with young scientists
16.00 Discussion Christopher A. Sims Discussion with young scientists
16.00 Discussion Vernon L. Smith Discussion with young scientists
20.00 Social Function Inselhalle Get-Together
Wednesday, July 09, 2014
I am on the road and have a long travel day ahead of me, the second in a row, so probably not much more blogging until much later, if at all (I'm headed to UT Austin to teach a four week class beginning next Monday).
Thursday, April 10, 2014
I am here today:
INET: Human After All - April 10-12: The Institute for New Economic Thinking is hosting its fifth annual conference with its partner the Centre for International Governance Innovation (CIGI) at the Fairmont Royal York Hotel in Toronto. The conference topic is the economics of innovation and the impact of innovation on society. Speakers will include a roster of newsmakers, including former U.S. Treasury Secretary Larry Summers, Nobel laureates Joseph Stiglitz and James Heckman, former co-CEO of Research In Motion Jim Balsillie, Bank of England Chief Economist Andy Haldane, former head of the U.K. Financial Services Authority Adair Lord Turner, Harvard University professor and best-selling author Michael Sandel, and author, essayist and President of PEN International, John Ralston Saul. Watch Live beginning at noon EST.
I will post the conference schedule as soon as I can -- for some reason it's not yet available
Update: Today's schedule (I'll post Friday and Saturday later):
CANADIAN ROOM 1:00–2:45 PM LUNCH KEYNOTE ( OPENING ) Is Innovation Always A Good Thing? Technology and innovation create “disruption.” That basically means creating new markets or value networks, which eventually disrupts earlier technologies. New products, new inventions, new sources of demand are all possible. Yet, the very innovation that creates these opportunities also can create job losses as well as having significant distributional consequences for society as a whole.
The panel seeks to explore this duality.
- James Balsillie Chair, Centre for International Governance Innovation
- Lisa Cook Professor, Department of Economics, Michigan State University
- Robert Johnson President, Institute for New Economic Thinking
- Richard Nelson Professor of Economics, Columbia University
- Moderator Richard Waters Financial Times
CANADIAN ROOM 3:00–4:30 PM PLENARY PANEL
Innovation: Do Private Returns Produce the Social Returns We Need? The machines of the frst age replaced and multiplied the physical labor of humans and animals. The machines of the second age will replace and multiply our intelligence. The driving force behind this revolution will, argue the “techno-positivists,” exponentially increase the power (or exponentially reduce the cost) of computing. The celebrated example is Moore’s Law, named after Gordon Moore, a founder of Intel. For half a century, the number of transistors on a semiconductor chip has doubled at least every two years. But the information age has coincided with—and must, to some extent, have caused—adverse economic trends: stagnation of median real incomes; rising inequality of labor income and of the distribution of income between labor and capital; and growing long- term unemployment. Are the great gains in wealth and material prosperity created by our entrepreneurs in and of themselves sufficient to produce desired social returns demanded in today’s world?
- Simon Head Fellow, Institute for Public Knowledge, New York University, and Director of Programs, The New York Review of Books Foundation
- Mariana Mazzucato R.M. Phillips Professor in the Economics of Innovation, SPRU, University of Sussex
- Stian Westlake Executive Director, National Endowment for Science Technology and the Arts
- Dr. Joon Yun Partner and President, Palo Alto, LLC Moderator Quentin Hardy Deputy Tech Editor, The New York Times
- Moderator Quentin Hardy Deputy Tech Editor, The New York Time
CANADIAN ROOM 4:45–6:15 PM PLENARY PANEL
Have we Repaired Financial Regulations since Lehman? The 2008 global financial crisis led to the worst recession in the developed world since the Great Depression. Governments had to respond decisively on a large scale to contain the destructive impact of massive debt deflation, (although there is some question as to the degree to which this represented support for the financial ser - vices industry vs the needs of the real economy). Still, large financial institutions such as American International Group, Bear Stearns, Lehman Brothers, Countrywide Financial, Washington Mutual, Wachovia, Northern Rock, and Landsbanki collapsed; thousands of small-to-medium- sized financial institutions failed or needed to be rescued; millions of households lost their retirement savings, jobs, homes, and communities; and numerous non- financial businesses closed. Five years later, we are still experiencing the effects of the crisis. Are the financial reforms and regulations introduced since the onset of the crisis likely to be effective in preventing another catastrophe?
- Anat Admati Professor, Stanford Graduate School of Business
- Richard Bookstaber U.S. Treasury with the Office of Financial Research and FSOC
- Andrew Haldane Executive Director of Financial Stability, Bank of England
- Edward Kane Professor of Finance, Boston College
- Moderator Martin Wolf Financial Times
CANADIAN ROOM FOYER 6:15–7:15 PM Cocktail Reception
CANADIAN ROOM 7:15–9:00 PM KEYNOTE DINNER
Innovation: To What Purpose? Innovation is said to be essential for survival in most industries. Yet, innovation can be very risky—some inno - vations can even destroy value. How can managers and entrepreneurs know what to do, and how should this trade-o ff between innovation and risk be treated? What are the broader social goals that ought to be achieved via innovation?
- Presenter John Ralston Saul Novelist, Essayist and President, PEN International
- Moderator Rohinton Medhora President, Centre for International Governance Innovation
Wednesday, April 09, 2014
Traveling today. I'll post as (and if) I can, but probably no more blogging until tonight.
Thursday, February 06, 2014
Traveling to the NY Fed today, so just a few quick ones before my plane takes off at 5:40 a.m. (ughhh!!!).
Saturday, August 17, 2013
Wednesday, August 14, 2013
Saturday, July 06, 2013
I thought it was cool (dating myself) to be able to post Tim's reaction to the employment report while riding on a boat through the jungle to get here. I didn't expect to have access to the internet on this trip.
Tuesday, July 02, 2013
I was supposed to go on a three week trip tomorrow to Barcelona, Naples (actually the Amalfi coast), and Rome. But, well, fate intervened and the trip was canceled.
So I decided to go to Belize for a week or so instead. Don't ask me why I chose that location, I just did -- I needed to get a way for a bit. I leave later today.
I will blog as I can, hopefully seamlessly, but we'll see.
Saturday, December 08, 2012
Friday, October 26, 2012
I was supposed to be here today, but a long flight delay made that impossible. (I know better than to route through San Francisco in the fall -- it is often fogged in all morning -- but I took a chance and lost the bet.):
National Bureau of Economic Research
Economics Fluctuations & Growth Research Meeting
Paul Beaudry and John Leahy, Organizers
October 26, 2012 Federal Reserve Bank of New York
10th Floor Benjamin Strong Room
33 Liberty Street New York, NY
Thursday, October 25:
6:30 pm Reception and Dinner Federal Reserve Bank of New York (enter at 44 Maiden Lane) 1st Floor Dining Room
Friday, October 26:
8:30 am Continental Breakfast
9:00 am Chang-Tai Hsieh, University of Chicago and NBER Erik Hurst, University of Chicago and NBER Charles Jones, Stanford University and NBER Peter Klenow, Stanford University and NBER The Allocation of Talent and U.S. Economic Growth Discussant: Raquel Fernandez, New York University and NBER
10:00 am Break
10:30 am Fatih Guvenen, University of Minnesota and NBER Serdar Ozkan, Federal Reserve Board Jae Song, Social Security Administration The Nature of Countercyclical Income Risk Discussant: Jonathan Heathcote, Federal Reserve Bank of Minneapolis
11:30 am Loukas Karabarbounis, University of Chicago and NBER Brent Neiman, University of Chicago and NBER Declining Labor Shares and the Global Rise of Corporate Savings Discussant: Robert Hall, Stanford University and NBER
12:30 pm Lunch
1:30 pm Stephanie Schmitt-Grohe, Columbia University and NBER Martin Uribe, Columbia University and NBER Prudential Policy for Peggers Discussant: Gianluca Benigno, London School of Economics
2:30 pm Break
3:00 pm Eric Swanson, Federal Reserve Bank of San Francisco John Williams, Federal Reserve Bank of San Francisco Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates Discussant: James Hamilton, University of California at San Diego and NBER
4:00 pm Alisdair McKay, Boston University Ricardo Reis, Columbia University and NBER The Role of Automatic Stabilizers in the U.S. Business Cycle Discussant: Yuriy Gorodnichenko, University of California at Berkeley and NBER
5:00 pm Adjourn
Monday, July 02, 2012
Tim Duy reports from French Polynesia:
He seems to like it.
Saturday, June 30, 2012
Short travel day by train. Next stop: Lindau, Germany for this year's Lindau Nobel Laureate Meeting dedicated to Physics.
Here's the program for the firsmorning:
09.00 Plenary Lecture Main Hall
Brian P. Schmidt: Observations, and the Standard Model of Cosmology
09.30 Plenary Lecture Main Hall
John C. Mather: Seeing Farther with New Telescopes
10.00 Plenary Lecture Main Hall
George F. Smoot: Mapping the Universe in Space and Time
11.00 Plenary Lecture Main Hall
Paul J. Crutzen: Atmospheric Chemistry and Climate in the Anthropocene
Mario J. Molina
The Science and Policy of Climate Change
12.00 Plenary Lecture Main Hall
Ivar Giaever: The Strange Case of “Global Warming”
12.30 Plenary Lecture Main Hall
Hartmut Michel: Photosynthesis, Biomass, Biofuels: Conversion Efficiencies and Consequences
I'm particularly interested in the sessions on climate change.
Sunday, June 24, 2012
Elephant populations are becoming increasingly fragmented:
Road to Recovery?, National Geographic: An African elephant approaches an underpass beneath the busy Nanyuki-Meru road in northern Kenya...
The first of its kind for elephants, the underpass will ideally provide a safe corridor for the large mammals to move throughout the Mount Kenya region (map), where highways, fences, and farmlands have split elephant populations, according to Geoffrey Chege, chief conservation officer of the Lewa Wildlife Conservancy, a Kenya-based nonprofit.
Without the underpass, animals that try to move between isolated areas often destroy fences and crops—leading to conflicts with people.
Since its completion in late 2010, the underpass has been a "tremendous success"—hundreds of elephants have been spotted walking through the corridor...
At first, only adult male elephants ventured through the underpass, and then only at night.
But before long whole family groups were passing through during the day...
Currently the region's elephant populations are divided into two isolated groups: 2,000 animals in Mount Kenya and 7,500 in the Samburu-Laikipia ecosystem, according to the Lewa Wildlife Conservancy.
The elephant underpass ... could improve the genetic health of northern Kenya elephants, since more genes will mix as the animals move into various territories and find new mates.
The corridor may also mean that elephants will move around more, reducing pressure on habitats—and possibly helping other species that use the same resources, such as the black rhinoceros, according to the conservancy. ...
Friday, June 15, 2012
Just a quick note. I have a somewhat brutal travel schedule the next few days, and when all is said and done, I ought to be in Nairobi, Kenya:
IRP’s International Bloggers Take on Reproductive Health in Kenya: Twelve international bloggers have been selected to report on pressing issues of reproductive health and population in Kenya this month.
In an exciting new global initiative, the International Reporting Project (IRP) is taking a group of 12 influential bloggers from around the world to Kenya on June 17-26 for an in-depth examination of reproductive health and population issues in that East African country.
Watch the IRP website for regular updates from the bloggers, and follow them on Twitter as they recount their impressions and observations of Kenya. This is the first time in its 15-year history that the IRP is taking a group of new media journalists from different countries around the world to focus on a specific global issue. The 12 bloggers come from eight countries and represent a unique diverse set of specialties – including religion, ethics, culture, economics and gender issues in the developed world. In an intensive schedule that will take them to three different regions of Kenya, the bloggers will talk to Kenyan parents and children, health officials, rural and urban citizens and experts on gender, religion and ethics. Kenya’s population is expected to double by 2040 and the country faces major health challenges, urban migration and environmental pressures caused by this rapidly growing population. [list of participants]
They know that I am not an expert on women's reproductive health issues, though I will talk about related economic issues, but my main focus will be on economic problems in Kenya (I already have around 10 background posts set to go). And no, you aren't the first person to make an Obama joke.
After that, I'm going to this year's Nobel meetings in Lindau, Germany (the meetings bring Nobel laureates together with 500-600 graduate students from around the world). I'll stop over in Zurich for three days first, but since I was going through Zurich anyway on the way back from Kenya, I figured why not go to Lindau too -- it isn't very far away. I went last year when the topic was economics, but this year the Nobel winners are from chemistry and physics. Since it isn't economics I was surprised to be invited, and had to be accredited as press to get in (ha, I was), but there are issues related to economics, e.g. global warming that I want to cover. But mostly I'm looking forward to hearing talks on something other than economics. It will be a nice break, and for the most part I have no idea what I'll be hearing (or writing about).
Then, home for 4 days and off to Boston for an NBER meeting, and some other stuff. Finally home in late July.
I am going to do my best to keep up with the blog. I have at least two posts already loaded for each day of the time I'll be in Kenya, we have been promised internet access daily and some blogging time (though nothing like usual -- withdrawals!), and I have an unlocked iPhone that I hope to load with a sim chip and tons of prepaid data (from Safaricom). We'll see how that goes, but if it works I can (fingers crossed) tether to my computer and have fairly good internet access. But I have no idea what's ahead, and I hope you will understand if I am not able to keep up with links in particular on the usual, regular schedule. I'll try, but realistically it will be hard.
I never would have guessed that an economics blog would bring so much travel.
Tuesday, April 10, 2012
Long, long travel day today. Will post as I can.
Wednesday, November 23, 2011
Heading over the river and through the woods today, and hoping the snow on the pass doesn't stop me from getting to grandma's house.
[There are posts scheduled for later today.]
Wednesday, September 14, 2011
I'm traveling here today. I'll post as (and if) I can. (I have ten posts scheduled for the next several days just in case, mostly of the here's x saying y variety.)
Monday, August 22, 2011
Sunday, May 01, 2011
Watching my daughter Amy run in the Eugene Marathon(update: 3:59:40, a PR) then traveling here (by car) -- will post as I can.
Thursday, February 03, 2011
Wednesday, July 28, 2010
When I first started this blog, I had no expectations at all. I thought a few people might visit, family and acquaintances mostly, and I wasn't so sure about them, but nothing more than that. But, surprisingly to me, it slowly began gathering more and more visitors after some noteworthy help from other bloggers that brought it to people's attention. I was lucky to get that help, and entering the econoblogosphere earlier rather than later didn't hurt either.
As the number of visitors started growing, I became afraid that if I missed a day posting, the traffic growth would somehow stop, the regulars would go away, etc. I'm not sure what the fear was exactly looking back now, but being relatively risk averse I posted every day, always promising myself that once the traffic growth leveled off and things stabilized, I'd take a break. At least for a day or two.
As far as I can recall, I haven't missed a single day in the five and a third years that I've been doing this. Maybe there was a day somewhere, but I can't remember one. Mostly I don't mind, this has been the most surprising thing I've ever done and there's always something new and unexpected around the next corner, some good, some I'd rather not have to deal with, but it does pass the time. I have trouble pulling myself away from blogging rather than having to force myself to do it, but there are days now and again when posts are a bit forced and I tell myself that I really, really need a break from this. Especially, when, as lately, I find myself getting pretty cranky at small provocations (and the things I don't say...).
Traffic is still growing, though the pace has slowed, particularly since the financial crisis has eased, but the fear that somehow it would all evaporate if I miss a day or two, or whatever it was I was afraid of, is not as strong as it once was. But I still can't do it. I still can't bring myself to voluntarily miss a day (I know, I know).
However, I need to get away for a bit, at least from the usual surroundings. In part it's because I've agreed to be Associate Department Head for the next two years and that will keep me plenty busy. It's about to begin, so this is the last chance to get away before that happens.
So I am leaving Eugene today. Where am I going? I have no idea, I just decided to do this, so I am simply going to get in the car and see where I end up. The most likely direction initially is east, maybe south, but that's about all I know. I did this once before and it turned out well, so I'll just go where I feel like it each day and see what happens, starting with today.
I'll do my best to keep posting every day, but I may end up doing a lot of "echo" posts, i.e. a very short here's whatever followed by excerpts (as I do generally when time is short). I'll try to keep up on daily links. We'll see how it goes.