The persistence of conceptual errors in Fed monetary policy is a central puzzle in monetary history particularly in light of the enormous costs of Fed failures during the Great Depression.

The FDIC Improvement Act of 1991, based on the lessons of FSLIC and the 1980s, was thought to have solved the problems of deposit insurance--obviously, it did not.

One reason that feminist scholarship contains hard-to-kill falsehoods is that reasonable, evidence-backed criticism is regarded as a personal attack.

Everyone knows presidents have larger-than-life size egos. It goes with the job. But changes on the official White House website reveal that we've never had a self-regarding narcissist quite like the oval Office's current occupant.

Many commentators argue that uncertainty about taxes, government spending and other policy matters deepened the recession of 2007-2009 and slowed the recovery. To investigate this issue we develop a new index of policy-related economic uncertainty and estimate its dynamic relationship to output, investment and employment.

Does Romney still need to appeal to conservative Republicans, or should he start focusing on the broader electorate?

In this event, participants will review the Bhagat-Obreja paper and consider the role of uncertainty in major business decisions.

Perhaps the most eventful news of the Obama administration’s shuffling of its national security deck chairs is the fact that General David Petraeus--commander of U.S. forces in Afghanistan, architect of the Iraq surge, and the driving force behind the Army’s willingness to adapt to the persistent irregular wars it’s been asked to fight rather than wait for the conventional conflict it would prefer to fight--will not become the chairman of the Joint Chiefs of Staff, but be asked to run the CIA.