James D. Hamilton

James D. Hamilton is Professor of Economics at the University of California, San Diego.

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James D. Hamilton's Latest Articles | 157

Reducing Petroleum Consumption from Transportation

Jan 11, 2012| 

MIT Professor Christopher Knittel has a new paper on the potential for the United States to reduce petroleum consumption. From the paper’s abstract: The United... Read »

Getting the U.S. Economy Growing

Dec 28, 2011| 

We can sit and wring our hands, or we can get to work. Nobel laureate and Columbia University economics professor Joseph Stiglitz sees a long-term problem in the... Read »

European Financial Tensions and the Fed

Dec 21, 2011| 

U.S. monetary policy has gone through three distinct phases since 2008. We may be about to begin the fourth. I would characterize the period from February 2008 through... Read »

FOMC Statement

Dec 14, 2011| 

The Federal Reserve still would like to do more, but not right now. The Federal Open Market Committee yesterday released the following economic assessment: The Committee... Read »

$7.77 Trillion in Secret Federal Reserve Loans to Banks?

Dec 7, 2011| 

I have been looking into the claim recently made by any number of internet sites (for example, here’s one of the many hundreds, if you insist on a link) that... Read »

Central Banks Augment Currency Swap Capabilities

Nov 30, 2011| 

The U.S. Federal Reserve, European Central Bank, and central banks of Canada, England, Japan, and Switzerland today announced a coordinated monetary action that... Read »

Economic Worries Continue

Nov 28, 2011| 

If you’re prone to worry about where the economy’s headed, last week’s developments weren’t very reassuring. On Tuesday, the Bureau of Economic... Read »

Taxing the 1%

Nov 23, 2011| 

Trying to prevent an increase in tax rates on the richest 1% of Americans looks to me like a losing strategy for the Republicans. Let me begin with what should be... Read »

Implications of the Recent Rise in Oil Prices

Nov 20, 2011| 

The price of West Texas Intermediate has risen almost $10 a barrel since the start of September, and briefly bumped back above $100 a barrel this week. Here’s... Read »

The Drama Began in Greece. Where is it Going to End?

Nov 15, 2011| 

Let me begin with some observations on the basic mechanics of sovereign debt default. If you borrow $1 at a 5% interest rate, next year you’re going to owe... Read »

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