When I got to my office last Friday, I saw that there was going to be an event in the room across the hall. I noticed that an individual in uniform was getting the room ready. I assumed that there was going to be a seminar presentation by one of Hoover’s National Security Affairs Fellows. […]
Why Can’t Economists Be More Like Officers in the US Military? Read More »
Richard Clarida presented “Monetary policy in open economies–Practical perspectives for pragmatic central bankers” at John Taylor’s 2014 conference “Frameworks for Central Banking in the Next Century” . The following is a cleaned up version of my comments and question to Prof. Clarida. The original transcript is at the end of this post. I’m Ken Judd
Clarida to Columbia students: Ask NYU professors for help Read More »
Like most economists, I like to ask questions in seminars and conferences. Sometimes the answers are quite informative. One interesting case was In November, 2017, I attended the Midwest Macroeconomics conference (https://editorialexpress.com/conference/MMMPitt/program/MMMPitt.html#block_detail_3). Xavier Gabaix was one of the plenary speakers. The tile of his talk was “Behavioral Macroeconomics” and he presented a paper titled “Behavioral
I ask a question, Gabaix insults everyone else in the room Read More »
Cai, Lontzek and I submitted our paper on the social cost of carbon in November, 2012, and received referee reports and a revision request from Monika Piazessi, the JPE editor handling the submission, in November, 2013. A couple of months later, we met with her to discuss the revision. In particular, I wanted to explain
JPE does not want papers written for “smart people” Read More »
My 42 years of experience with economists have taught me much about academic economics. Here are four points you should consider. 1: Be prepared for the ignorance of your interviewers A student of mine was asked about the computational method he used. He tried to explain the interior point method he was using, but the
My advice to new PhDs on the job market Read More »