Andersen Institute
Andersen Institute
AI Will Reallocate Labor to Jobs That Require New Skills
In the wake of recent advances in AI, evidence for how it is disrupting the labor force is relatively scarce. But labor economists are racing to study data and produce research that gives us the best understanding of the disruptions…
Rashad Ahmed on Macro Musings Ep. 502
New Stablecoin Law Leaves One Big Question Unanswered
Total Factor Productivity in the Context of International Flows of Capital, Goods, and People
The United States of America traditionally embraced the free flow of financial capital along with the free flow of people or the free flow of goods. In the 1920s and 1930s, after policymakers raised tariffs and imposed quotas on immigrants while maintaining…
Stablecoins Threat to Central Banking and Government Finance
The advent of new payments technologies including new applications for rapid payments, stablecoins and other innovations raises important questions about the long-run outlook for the “currency franchise” of major central banks. Perhaps the most basic question is whether a physical…
Eliminating Interest on Reserves
Recent policy discussions in Congress and the Administration have raised the possibility of eliminating the Federal Reserve’s authority to pay interest on reserves (IOR) as a means of bolstering the fiscal outlook. Advocates for this proposal suggest that eliminating the…
The Non-Dystopian Case for AI with Myron Scholes
Economics & Markets Roundup – Summer Issue I
At a time when inflation is already running above the Federal Reserve’s target, a conflict in the Middle East threatens to drive up oil price volatility, further increasing the threat of a US economic stagflation. You could have read that…
When Financial Regulation becomes Financial Repression
US government debt held by the public has hovered close to 100% of GDP since the pandemic. At the same time, price-insensitive investors such as foreign central banks and the Federal Reserve are reducing their holdings, while price-sensitive domestic investors…
Global Rewire – A new Andersen Institute podcast
