Clarida to Columbia students: Ask NYU professors for help

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 …

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Congratulations to the RCC and Director Birali Runesha!

Today I received an email from the University of Chicago Research Computing Center entitled “Celebrating Ten Years”. The RCC Director is Birali Runesha whose welcome describes its goals. I want to extend my congratulations to RCC and Birali for their excellent work over the past ten years. I was a frequent visitor at the University …

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I ask a question, Gabaix insults everyone else in the room

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 …

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JPE does not want papers written for “smart people”

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 …

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