Monthly Archives: March 2012

Did you have a good spring break?

Welcome back! I hope you had a great time.



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Federal Reserve Conversations

The Chairman of the Federal Reserve, Ben Bernanke, will be hosting a series of online videos highlighting Fed policy and more over the next few weeks. If you’re interested in monetary economics, the Federal Reserve, or particularly the 2008 crisis, I suggest you tune in. Times are listed below (courtesy of the Eastern Economics Association) and the link to streaming videos is here. They will be archived and rebroadcast if you can’t make it at the exact hour.

In March 2012, Federal Reserve Chairman Ben S. Bernanke will deliver a four-part college lecture series about the Federal Reserve and the financial crisis. The lectures are being offered as part of an undergraduate course at the George Washington University School of Business, and students and other members of the public may view the lectures online. Each 50-minute lecture will begin at 12:45 p.m. EDT.

Origins and Mission of the Federal Reserve
March 20, 2012
The Chairman explains what central banks do, the origin of central banking in the United States, and the early experience of the Federal Reserve in dealing with a serious financial crisis: the Great Depression.

The Federal Reserve after World War II
March 22, 2012
The Chairman reviews developments in central banking since World War II and leading up to the recent financial crisis.

The Federal Reserve’s Response to the Financial Crisis and the Great Recession
March 27, 2012
The Chairman describes the financial stability policy responses taken by the Federal Reserve and others in the wake of the crisis and recession.

The Aftermath of the Crisis
March 29, 2012
The Chairman discusses the monetary policy responses to the recession, the sluggish recovery from it, the changes in financial regulation that followed the crisis, and the implications of the crisis for central bank practice in the future.

To access the lecture series live, use the following link:  You may wish to test your website access and your equipment in advance of the lectures you plan to watch. To assist you with your test, several recorded videos are available on the website for on-demand viewing.

Is the timing not right for you?
Transcripts and video recordings will be posted after the lectures on the Federal Reserve Board’s website

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Filed under Issue in the News, Just for Fun

Spend a summer in my favorite town

Here’s a great summer program for college juniors taking place in Boulder. You all should look into it.

Remember: no class tomorrow. Have a great Spring Break!

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Significance, revisited

As Kevin, Andy, and Lauren have commented on, statistical significance and economic significance are not necessarily the same thing. I just thought I’d point out that this is a question that haunts even the most experienced researchers. And they still blog about it, too.

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Writing Assignment #7

In lieu of class this week, write a brief (2-3 sentence) summary of one of the papers you’ve read regarding your research project, then answer the following questions.

  • What new information does it bring to light regarding your research project?
  • Does it suggest any issues you might have regarding the assumptions of the classical linear regression model?
  • If it does suggest that your model might violate any assumptions of the model, do you know an easy way to fix them?
  • Make sure to cite the paper in your blog post and, if possible, link to a .pdf version of the paper

For your comments on this post and last week’s, I’d like you to focus on the writing style of the person whose blog post you’re reading. Instead of content, this should be an analysis of structure, grammar, and coherence. You can use the following questions to guide your comment:

  • Does the post properly introduce the subject matter? Is it compelling?
  • Does the post follow a train of thought that is logical?
  • Do you feel like you have a good idea of what the paper or news article tried to accomplish?
  • Do you have any remaining questions about the paper or news article?
  • What might you suggest to the author about how he/she is conveying the material?

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