News

The White House said Monday that Mr. Trump would nominate Columbia University economist Richard Clarida to become Fed vice chairman. Mr. Clarida, who worked at the Treasury under President George W. Bush, has quibbled with some Fed communications in recent years but generally has backed the Fed’s policies of slowly raising interest rates from historic lows after an aggressive post-crisis campaign to stimulate growth.

Professor Vincent P. Crawford revisits Roger Myerson and Mark Satterthwaite’s (1983; “MS”) analysis of mechanism design for bilateral trading, replacing equilibrium with a non-equilibrium “level-k” model that predicts initial responses to games, and focusing on direct mechanisms.

Economist Joseph E. Stiglitz was a featured interviewee on Blooomberg TV where he spoke on trade tensions between the U.S. and China.

President Trump will nominate Richard Clarida, a Columbia University economist and former Treasury official in the George W. Bush administration, for the second-ranking job at the Federal Reserve, the White House said on Monday. 

Economist Joseph Stiglitz was quoted in a piece for Xinhua News on how unilateral US tariffs against China undermine international trade.