The role that monetary policy should play in containing asset price bubbles remains a controversial issue. What are the effects of monetary policy on asset price bubbles? How should monetary policy be conducted in the presence of asset price bubbles? How can asset price bubbles be incorporated in macroeconomic models? The lecture will provide an overview of recent empirical and theoretical research aimed at answering those questions.
Find out more »A major source of controversy in U.S. health care is the practice of “defensive medicine,” an unintended effect of the liability system in which physicians order extraneous tests and procedures as a result of fears over medical liability. Existing evidence on the importance of this issue is quite mixed, however, partly because of the difficulty of finding a clean comparison between groups who are and are not subject to malpractice pressure.
Find out more »This course investigates the field of political economy with an eye to establishing the subject on a scientific foundation as expounded by Henry George’s in his last book, The Science of Political Economy.
Find out more »1022 International Affairs Building (IAB)
Mail Code 3308
420 West 118th Street
New York, NY 10027