James D. Hamilton
James D. Hamilton's Latest Articles | 169
Factors in the Recent Oil Price Increases
Crude oil prices surged last spring following disruptions in oil production from Libya, and had been drifting down during the summer and fall. But since the beginning... Read »
Crude Oil and Gasoline Prices
Crude oil prices this week reached their highest level since last April. What will that mean for U.S. consumers at the gas pump? The first question to be clear on... Read »
Reducing Petroleum Consumption from Transportation
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
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
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
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?
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
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
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%
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 »







