Stephen Williamson
@1954swilliamsonStephen A. Jarislowsky Chair in Central Banking, Department of Economics, University of Western Ontario
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12-month inflation in Canada down to 1.6%. www150.statcan.gc.ca/n1/daily-quoti…
Hard to believe we still have "serious" people who think like this.
Serious question: Do you feel like you have a good sense of what Harris would be like as president? Do you feel like you have a good sense of what Trump would be like as president?
It’s official! Coming May ‘25. The Economics of Over-the-Counter Markets, w/ @poweill & Hugonnier. A unified treatment of the search-theoretic approach to studying OTC markets. Facts. Models. A technical toolkit. It has it all! Mark the date 😀 press.princeton.edu/books/hardcove…
My back hurts when I look at this.
Waller doing much of the heavy lifting for FOMC since his arrival at the Board. Don’t miss him on CNBC this morning at 11 AM. 💪
I don't know. Who is "we?"
The People’s Fed Governor: “In the summers as an undergraduate, [Chris Waller] loaded trucks at a warehouse with the Teamsters to help pay the bills… pastimes don’t include playing golf or tennis with Washington elites. He lifts weights with his wife… and can deadlift just over…
Donald Trump wants the White House to have a say on interest rates. One of his own appointees, seen as a potential Fed chair in a second Trump term, doesn't like that idea bloomberg.com/news/articles/… via @bpolitics @ctorresreporter and @SalehaMohsin
Canadian inflation at target.
Canada's inflation rate fell back to the Bank of Canada's 2-per-cent target in August, a major milestone after the biggest inflation surge in 40 years. #cdnecon #economy theglobeandmail.com/business/artic…
A quick reminder from your macro professor that the Fed's 2% target is based on PCE inflation. CPI inflation is typically about 0.4 pp above that, so today's 2.5% CPI read is pretty darn close.
This seems wrongheaded, in many ways. You could fault monetary policy during the pandemic, but I don't think the pandemic taught us that we need new policy tools for controlling inflation, or new (and toothless) institutions. theglobeandmail.com/business/comme…
Canada's banking system is a "ruthless oligopoly?" The system may be safe, but it's quite obvious the costs of safety are the usual ones in a concentrated industry. Ruthless? Come on. theglobeandmail.com/business/artic…
Here's Tucker Carlson with 3 Canadian weirdos.
Ooof. Horrible news. I overlapped w Paul at Western. He made me think: Paul always had deep insights and a unique perspective. And he made me laugh: Paul had an incredible, dry wit. I’ll remember the wry smile he’d make just before a hilarious (often self deprecating) comment.
We’re deeply saddened to share that our dear colleague and friend, Professor Paul Klein, passed away on August 19. A brilliant macroeconomist and a kind soul with a sharp wit, Paul will be deeply missed. Our thoughts are with all who knew him. bit.ly/46ZiYhe
Terrible news. A remembrance by Per Krusell.
We’re deeply saddened to share that our dear colleague and friend, Professor Paul Klein, passed away on August 19. A brilliant macroeconomist and a kind soul with a sharp wit, Paul will be deeply missed. Our thoughts are with all who knew him. bit.ly/46ZiYhe
Look at that, the National Observer is publishing another piece by me! nationalobserver.com/2024/08/23/ana…
Here we go again. It's the 12-month percentage rate of change in the CPI that is back to pre-pandemic levels.
Canadian CPI now back at pre-pandemic levels. The country is in a recession being masked by immigration. Why the hell is the @bankofcanada taking it so slow? Canada Bank Rate is at 4.75% and needs to be at least 200 basis points lower.
Oliver and I just got this piece at the Globe! theglobeandmail.com/business/comme…
Good argument, I think.
One decent but limited argument for tenure: it lets people vote offers for others who are better. Most jobs do not include hiring and evaluating peers. Tenure is not a lifetime job, it’s a vote at the faculty meeting!
"Coming unglued?" This is a case where someone forgot the glue when they put this creature together.
Scott Stinson: Donald Trump’s astonishing, embarrassing appearance at an event for Black journalists Wednesday revealed a candidate who appears to be coming unglued thestar.com/opinion/contri…
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