Blog Archive

CFE | Spotlight

Our own Bob Barbera’s “Cost of Capitalism”

Author: Robert Barbera Title: The Cost of Capitalism: Understanding Market Mayhem and Stabilizing our Economic Future Published: 2009 Publisher: McGraw Hill ISBN: 0071628444 Our own Bob Barbera (Fellow of the CFE, Hopkins undergrad and Ph.D., All American in Lacrosse) has written a great book on Minsky Moments in Capitalism–how excesses and crashes tend to be […]

CFE Analysis | Macro

Prof. Wright: TIPS Not Signaling Inflation

Prof. Wright recently had a guest column on the WSJ Real Time Economics site arguing that (despite what front-page stories in the NYT ans WSJ say) the TIPS market is showing worrisome signs that inflation will be too low, not too high. Go to WSJ

CFE Analysis | Finance

Professor Faust on Derivatives and Economic Instabilityb

In the mid-1990s as the open interest in some financial derivatives began to explode, Prof. Faust (Director of the Center but then at the Fed), was involved in several meetings where various experts argued that derivatives could not contribute to instability–derivatives only allow risk to be allocated to those who could bear it most efficiently. […]

CFE Analysis | Finance

Professor Wright Makes a Movie

Professor Jonathan Wright, who teaches investments at the CFE, along with Refet Gurkaynak, of Bilkent University in Turkey, have recently branched out into the film industry, creating a yield curve movie showing some peculiar behavior of the term structure of interest rates during the recent crisis. Ok, it may not be Citizen Kane, but we […]