James D. Hamilton
James D. Hamilton's Latest Articles | 169
JP Morgan (JPM) and Systemic Risk
For some time, financial observers have been discussing the large positions in bond-index derivatives amassed by a trader known as the London Whale, now revealed... Read »
Should the Fed Do More?
Johns Hopkins University Professor Larry Ball, Princeton Professor Paul Krugman, U.C. Berkeley Professor Brad DeLong, University of Oregon Professor Tim Duy and... Read »
The Geography of Unemployment
Here’s a map showing the average unemployment rate over the last year by U.S. county. Things are back to normal along a swath through the middle of the country,... Read »
A Ban on Oil Speculation?
Joseph P. Kennedy II, former Congressional Representative from Massachusetts, and founder, chairman, and president of Citizens Energy Corporation, has a proposal... Read »
Current Economic Conditions
Friday’s jobs report was unquestionably a disappointment. But other recent U.S. economic indicators are more encouraging. One of the big concerns of many analysts... Read »
Replacing Iran’s Oil Production
If an embargo is successful in preventing Iran from selling a significant amount of oil on the world market, what would replace it? On Friday the White House released... Read »
A Rational Reason for High Oil Prices
“There is no rational reason for high oil prices,” writes Ali Naimi, Saudi Arabian Minister of Petroleum and Mineral Resources, in yesterday’s... Read »
Why Do Gasoline Prices Differ Across U.S. States?
Gasoline prices differ substantially across different parts of the United States. For example, the average price in Illinois is currently 70 cents/gallon higher... Read »
Strategic Petroleum Reserve to the Rescue
The United States and Britain have apparently been discussing a joint release of strategic petroleum stockpiles. The U.S. Strategic Petroleum Reserve was intended... Read »
Sterilized Quantitative Easing
Jon Hilsenrath of the Wall Street Journal reported last week that Federal Reserve officials are evaluating the possibility of a measure that the journal describes... Read »







