Tuesday, September 19, 2017
Wednesday, August 30, 2017
The systems that most countries use to elect presidents are deeply flawed. In particular, candidates A and B may each be more popular than C (in the sense that either would beat C in a head-to-head contest), but nevertheless each may lose to C if they both run. The systems therefore fail to reflect voters’ preferences adequately. In this lecture, I will illustrate this point with examples from U.S. and French political history. I will also propose an election system that is far superior to the current ones.
Friday, August 25, 2017
Tuesday, August 08, 2017
The Marriage of Psychology with Multiple Equilibria in Economics: This is the first of a new weekly blog series, Monday’s Macro Memo with Roger Farmer, which will discuss a wide range of economic issues of the day. The blog will appear on both the NIESR site and on Roger Farmer’s Economic Window and in the first few weeks, I will be posting a series of videos, recorded at a conference held at the Bank England on July 3rd and 4th of 2017. The conference was titled "Applications of Behavioural Economics and Multiple Equilibrium Models to Macroeconomic Policy"...
I had been planning, for some time, to run a conference on the topic of multiple equilibria sponsored by Warwick University. Andy Haldane and Sujit Kapadia had been talking with Alan Taylor of U.C. Davis about organizing a conference on the topic of behavioural economics. After talking with Andy, Sujit and Alan, we decided it would be ideal to combine our plans into a single conference that would highlight the promise of studying the marriage of psychology with multiple equilibria in economics. The video ... explains why this is a fruitful idea.
Roger goes on to discuss how "psychology enters the picture," and why the Robert Lucas idea that "the expectations of market participants are determined by economic fundamentals ... makes little or no sense in models ... where there are multiple equilibria." Also:
In addition to the introductory video, linked above, we also recorded videos from many of the conference presenters and discussants. I will be releasing these videos in a series of posts in the coming weeks and I will discuss the research associated with the accompanying topic. You can find links to the original papers on the conference website linked here. Stay tuned.
Wednesday, June 21, 2017
(Starts at 7:00 min. The sound is a bit buzzy.)
Thursday, June 08, 2017
Thursday, April 27, 2017
Paul Krugman, Nobel Prize-winning economist, New York Times columnist, and distinguished professor at the Graduate Center.
David Autor, leading labor economist; professor at MIT, where he directs the School Effectiveness and Inequality Initiative; and editor in chief of the Journal of Economic Perspectives.
Brad DeLong, economics professor at U.C. Berkeley; weblogger for the Washington Center for Equitable Growth; and former U.S. deputy assistant secretary of the treasury, in the Clinton administration.
Anne Harrison, professor at the Wharton School, University of Pennsylvania; former director of development policy at the World Bank; and author of Globalization and Poverty.
Monday, March 20, 2017
One of the most rewarding parts of deciding to go online 12 years ago has little to do with the things I post here (the blog’s 12 year anniversary passed earlier this month, but I forgot until a day or two ago).
Amazingly, my YouTube class videos have had over 1,200,000 views. Even more surprising, the most popular are – by far, not even close – econometrics videos (just started a new series that will cover time series – something I’ve had a lot of requests for over the years, plus other things such as quasi-experimental techniques).
One time, at the AEA’s in Chicago, I was on my way to meet Noah Smith for the first time (at a Starbucks). As I was walking across a bridge to meet him I noticed someone running up behind me. It was a student on the market that year, and she had chased me down to tell me that the econometrics videos really helped her. I was quite amazed. I had no idea. I just posted the videos for my classes never thinking anyone else would watch.. She insisted on a picture together – I was embarrassed, but happy to comply at the same time.
At the same meeting, it happened again – another person in an elevator with the same story, and also wanted a picture. I have heard similar things many times over the years. Email about the videos from developing countries – where educational access is limited – has been especially nice. They come several times a week.
My videos are nothing special, they are just there. There is a huge, unmet demand for education, and not just the basics, technical things like econometrics. That’s what I have concluded.
Wednesday, March 15, 2017
Monday, February 27, 2017
- Paul Krugman, Nobel Prize-winning economist, New York Times columnist, and distinguished professor at the Graduate Center.
- Jason Furman, senior fellow at Peterson Institute of International Economics and former chairman of President Obama’s Council of Economic Advisers.
- Dan Alpert, managing partner of Westwood Capital, fellow at the Century Foundation, and author of The Age of Oversupply.
- James Pethokoukis, CNBC contributor, columnist and blogger at the American Enterprise Institute, and former Washington columnist for Reuters.
Krugman did, as promised, wear his long tie...both of them.
Friday, January 20, 2017
Sunday, December 11, 2016
Thursday, November 03, 2016
Tuesday, October 25, 2016
Sunday, June 05, 2016
More econometrics: Special Session: Model Selection and Inference (Technical)
Thursday, June 02, 2016
Full session: Plenary Session: Minimum Wages Presented by: Alan. B. Krueger
(Lecture starts at 6:35)
1 Richard Blundell, University College London and Institute of Fiscal Studies
2 Arindrajit Dube, University of Massachusetts Amherst
Friday, January 08, 2016
Tuesday, December 22, 2015
Thursday, November 19, 2015
Wednesday, October 21, 2015
Professor Kevin O'Rourke