Podcast appearances and mentions of Jeffrey Frankel

CoolKay and Countyfairgrounds -  interviews the Revival Brothers Band with Jeffrey Frankel about how they got started. They are a tribute Allman Brothers band currently playing in Oregon and Washington State.Welcome to A Brothers Revival website, where Southern rock reigns supreme! Led by David “Rook” Goldflies, former Allman Brothers Band bassist and one of the driving forces behind the hit single “Black Betty,” our band delivers a powerhouse performance of Allman Brothers classics and original music.

Key Insights:* Brad has a new microphone!* Noah has jet lag: he is just back from Japan.* Brad has jet lag: he is just back from Australia.* Perhaps inflation's ebbing has not yet made its way into the minds of people when they answer pollsters.* We reject the hypothesis that it is because of lagging real incomes.* More difficult mortgage borrowing and positive interest payments on car loans are a thing, but really unlikely to be a big thing.* It seems likely that 2024 will be, if not “morning in America” from a consumer confidence in America, a crepuscular pre-dawn lightening in America.* Rick Perlstein's theory: we are replaying the 1970s:* Even in the 1970s, it was not inflation but “social upheaval”* Half “Blacks and women are forgetting their place”* Half “things are very insecure and unsafe”. * The 1970s saw right-wing revolts* The 1970s saw left-wing disillusionment* And then along came inflation!* Is this cycle repeating itself.* Our guess is that “vibecession” has peaked—but we worry that Kyla Scanlon may be right in thinking it has deeper roots. This is a much more unequal society for white guys than we had in the 1970s.* Brad DeLong trusts center-left economists, and they say: (4), (5), (6), and (7).* Noah Smith summarizes: Normie Libs keep winning…* Noah Smith summarizes: Normie Libs keep winning because they mark their beliefs to market and trust empirical data…* Hexapodia!References:* Barry Eichengreen: The US Economy Is Up, so Why Is Biden Down? : ‘The outcome of the US presidential election next year, like most before it, will almost certainly turn on domestic economic conditions, or, more precisely, on perceptions of economic conditions. And recent polling suggests that the disconnect between perception and reality may be President Joe Biden's biggest problem…. Now that personal consumption expenditure inflation is back at roughly 3%, down by nearly two-thirds from its peak, will Biden get more credit for his economic achievements? The answer will turn, first, on whether there is widespread public recognition that inflation has receded. Any such realization will not be immediate…. This slowness of beliefs to adapt to actual economic conditions is likely to be even more pronounced in an era of fake news…* Darren Grant: When it comes to the economy, everything's great and no one's happy : ‘Why a supposedly good economy is making so many people miserable…. Pollsters regularly ask Americans how they think the economy is doing, and whether it is getting better or worse. Both measures have drifted downward since late 2020 and cratered this past year. Everything's amazing, almost—and nobody's happy. This is new. Public opinion had historically followed the business cycle, declining in recessions and improving in expansions like the one we're experiencing now. For observers of the economy, this divergence was akin to being lost in the woods. They trotted out all sorts of explanations for our unexpected pessimism…. What's going on isn't vibes…. People's pay hasn't been keeping pace with inflation…* Mike Konczal: ‘It's tough to judge noise from signal in monthly analysis…. A way to get around monthly myopia: look at longer periods and past used cars and shelter prices. How does 3/6-month ‘supercore' measure look? That's what the Fed is doing, and it looks fantastic. We've seen dips since 2021, but not like this. 3-month lower than prepandemic!…* Paul Krugman: ‘Lots of number-crunching out there , but this was another very good inflation report. The debate over whether disinflation requires a large bulge in unemployment is essentially over. No, it doesn't. But there's still a debate about how we did this, which matters. One story is that disinflation reflects economic normalization—recombobulation after the disruptions of the pandemic. The other is that we've been sliding down a highly nonlinear Phillips curve, which is nearly vertical in a tight labor market. Why this matters: the economy is looking very strong. Atlanta GDPnow at 4.1%! If the Phillips curve is very steep, this could mean reaccelerating inflation. If we're mostly seeing an end to pandemic disruptions, that risk is lower. Not the risks we thought we'd be facing!…* Project Syndicate: The Long Life of Inflation : ‘Michael R. Strain… [says] “underlying inflation is still double the Fed's target” and “financial conditions aren't tightening as much as people assume.”… [The Fed] should continue to raise rates until “there is clear evidence that core inflation is on a path to its 2% target,” even if that makes recession more likely. Mario I. Blejer… and Piroska Nagy Mohácsi… also see serious risks… “distorted incentives and massive inherited imbalances”—fueled partly by populist governance and central-bank interventionism—“any celebration of progress in combating inflation must be cautious indeed.”… Jeffrey Frankel… [says] “inflation need not reach 2% immediately.” By “stabilizing inflation at 3–4%, with 2% as a longer-term goal,” the Fed can avoid “the social costs of a serious contraction.”… “There is no way, under any theory or precedent, that rate hikes beginning in January 2022 could have knocked back inflation by July of the same year,” argues James K. Galbraith…. Current macroeconomic conditions warrant the opposite response: not just “cutting interest rates,” but also “strengthening fiscal support for household incomes and well-paying jobs”…* Kyla Scanlon: Why Do People Think the Economy is Bad?: ‘ 'Genuine answer to a genuine question.... It's all convoluted and loud... and therefore, overwhelming, which creates a sort of mental-checking-out.... I don't want to be all frothy mouth "mainstream media bad" but... there is some stuff to say about coverage.... Lack of safety... stems from general fears over the future that haunt pretty much every generation. The plans are eroding.... Uncertainty around mortgage rates. It's the building blocks of inequality, lack of ownership either of land or a home, lack of community, etc etc.... Soft and hard data has diverged wildly...+, of course:* Vernor Vinge: A Fire Upon the Deep  Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe

Russia's Foreign Minister Lavrov's Ignorant Racism Infuriates Israel | The Murdoch Family Are Fully Onboard Tucker Carlson's Racist Propaganda | National Security and Environmental Concerns Over Dependence on Russia Could be a Win-Win backgroundbriefing.org/donate twitter.com/ianmastersmedia facebook.com/ianmastersmedia

HKS professors Meghan O'Sullivan and Jeffrey Frankel say the draconian sanctions on Putin's regime—which came together faster than almost anyone predicted—will have far-reaching and lasting effects well beyond Russia's borders. In a nuclear-armed world where direct superpower conflict can have apocalyptic consequences, the proxy battlefield has become economics and finance. Instead of firing missiles, combatants lob sanctions to inflict pain and achieve strategic goals. Rather than cutting off supply routes, opponents cut off access to capital reserves and international financial systems. And during the first weeks of Russia's war on Ukraine, developments on both the physical and economic battlefields have been swift and unpredictable. But now with an international sanctions regime against Vladimir Putin's Russia taking shape with a depth and a breadth that took many analysts by surprise, it's possible to widen the lens on the war in Ukraine to explore not only how it may shape the conflict, but also its potential to disrupt the world order and even create a new one.  O'Sullivan is Director of the Geopolitics of Energy Program at HKS and a former Deputy National Security Advisor under President George W. Bush. Frankel is an international economist and a former member of the Council of Economic Advisors under President Bill Clinton. They join host Ralph Ranalli to discuss sanctions and what the world economic order could look like in a post-Ukraine War world. Jeffrey A. Frankel is the James W. Harpel Professor of Capital Formation and Growth at Harvard Kennedy School. He is also a Research Associate at the National Bureau of Economic Research. He served at the Council of Economic Advisers in 1983-84 and 1996-99; as CEA Member in the Clinton Administration, Frankel's responsibilities included international economics, macroeconomics, and the environment. Before coming to Harvard in 1999, he was Professor of Economics at the University of California at Berkeley. His research interests include currencies, commodities, crises, international finance, monetary policy, fiscal policy, regional trade blocs, and international environmental issues.Meghan L. O'Sullivan is the Jeane Kirkpatrick Professor of the Practice of International Affairs and the Director of the Geopolitics of Energy Project at Harvard University's Kennedy School. She is also the chair of the North American Group of the Trilateral Commission. Professor O'Sullivan has extensive experience in policy formulation and in negotiation. Between 2004 and 2007, she was special assistant to President George W. Bush and Deputy National Security Advisor for Iraq and Afghanistan during the last two years of her tenure. Dr. O'Sullivan spent two years from 2003-2008 in Iraq, most recently in the fall of 2008 to help negotiate and conclude the Status of Forces Agreement (SOFA) and strategic framework agreement between the United States and Iraq. From July 2013 to December 2013, Professor O'Sullivan was the Vice Chair of the All Party Talks in Northern Ireland. She has  has written several books on international affairs and has been awarded the Defense Department's highest honor for civilians, the Distinguished Public Service Medal, and three times been awarded the State Department's Superior Honor Award.Ralph Ranalli is the Host, Producer, and Editor of HKS PolicyCast. He is also a senior writer at the HKS Office of Public Affairs and Communications, as well as former journalist, television news producer, and entrepreneur.The co-producer of PolicyCast is Susan Hughes. Design and graphics support is provided by Lydia Rosenberg and the OCPA Design Team. Social media promotion and support is provided by Natalie Montaner and the OCPA Digital Team.

By most measures, the economy is doing great. The country's economic output is way past where it was before the pandemic. In October alone, the country created 531,000 jobs and set a record for the number of people leaving their jobs, which is a sign the people see a hot job market and want to take advantage of it. Unemployment is way down, wages are way up, and the average American has 50% more their checking account today than they did just two years ago. Not to mention that businesses are also happy and flush with cash: consumer spending is surging while the stock market was up 7% in October, capping off a strong year. BUT...Inflation. It's on everybody's minds. It was up 6.2% in October, and that has made Americans feel like the economy is terrible. 68% of Americans told Gallup in October that they thought the economy is getting worse, while the University of Michigan consumer sentiment survey finds that Republicans feel worse about the economy than at the height if the Great Recession. So, how is the economy doing? What's real, what's perception, or is perception what creates economic reality? Harvard Kennedy School professor Jeffrey Frankel is the James W. Harpel Professor of Capital Formation and Growth at the Harvard Kennedy School, and most important, he graduated from the best undergraduate college in America – Swarthmore College. He joins the show to explain the real story on inflation, including the sneaky link between vaccination and bringing inflation down.

Korea24 – 2021.09.10. (Friday) News Briefing: The Corruption Investigation Office for High-ranking Officials(CIO)has booked presidential hopeful and former Prosecutor-General Yoon Seok-youl over political meddling allegations. Yoon is facing four charges, including power abuse, disclosure of official secrets as well as violation of privacy and election laws. (Eunice Kim) In-Depth News Analysis (Weekly Economy Review): Economics Professor Yang Jun-suk from the Catholic University of Korea joins us to give his thoughts on economic issues of the week, including the Korea Economic Research Institute(KERI)’s growth forecast of 3.9% for the nation this year, economist Jeffrey Frankel’s warning of the "everything bubble” bursting soon, and President Moon’s pledge to help make South Korea the world’s ‘overwhelming’ shipbuilding leader. Korea Trending with Walter Lee: Former national speed skating coach Cho Jae-beom(조재범)’s prison sentence for sexually assaulting Olympic short track champion Shim Suk-hee(심석희) has been increased to 13 years (성폭행 혐의 조재범, 항소심서 13년 선고). A woman in her 50’s suffering pain for weeks after receiving plastic surgery was found to have taken her own life earlier this year (성형 수술 후 부작용 호소하던 50대 극단적 선택). And former manager of South Korea’s national football team, Guus Hiddink, has announced his retirement (히딩크 감독, 지도자 은퇴 선언). Movie Spotlight: Film critics Jason Bechervaise and Darcy Paquet review the action-packed, female-led Hollywood blockbuster, ‘Gunpower Milkshake’, as well as local indie mystery thriller, ‘Good Person’ 좋은 사람, the latest to be produced by the highly acclaimed Korean Academy of Film Arts. Next Week From Seoul with Mark Wilson-Choi: Mark previews Chinese foreign minister Wang Yi’s two-day visit to Seoul starting next Tuesday, trilateral talks among South Korea, US and Japan’s nuclear envoys in Tokyo next Tuesday, “two plus two” talks between South Korea and Australia’s foreign and defense ministers in Seoul next Monday, and Typhoon Chanthu possibly hitting the peninsula next week.

Jim Dorn is the Vice President for Monetary Studies at the Cato Institute and is the director of Cato’s annual Monetary Policy Conference. Jim has written widely on Federal Reserve policy and monetary reform, and has also edited more than 10 books including *The Search for Stable Money* and *The Future of Money in the Information Age*.  He joins the show today to talk about the history of monetary policy in Washington D.C. over the past four decades as well as some of his own recent work. David and Jim also discuss the issues covered at the most recent Cato Institute monetary policy conference, the recent mystery of low inflation, and Jim’s idea of an optimal monetary policy regime.   Transcript for the episode: https://www.mercatus.org/bridge/podcasts/10022019/jim-dorn-history-monetary-policy-washington-dc-and-its-future   Jim’s Cato Institute profile: https://www.cato.org/people/james-dorn   Related Links:   Registration for the Cato Institute Monetary Policy Conference: https://www.cato.org/events/37th-annual-monetary-conference   *The Search for Stable Money: Essays on Monetary Reform* edited by James Dorn and Anna Schwartz https://www.amazon.com/Search-Stable-Money-Essays-Monetary/dp/0226158292   *The Future of Money in the Information Age* edited by James Dorn https://www.amazon.com/Future-Money-Information-Age/dp/1882577523   *the Political Economy of Inflation* by Fritz Machlup https://www.cato.org/sites/cato.org/files/serials/files/cato-journal/1983/5/cj3n1-3.pdf   *Has Monetarism Failed?* by Karl Brunner https://pdfs.semanticscholar.org/803d/c8632bec26142f4c6b54f9e692c6acf2fe72.pdf   *Should the Fed Be Constrained?* by Jeffrey Frankel https://www.cato.org/cato-journal/springsummer-2019/should-fed-be-constrained   *Improving the Monetary Regime: The Case for U.S. Digital Cash* by Michael Bordo and Andrew Levin https://www.cato.org/cato-journal/springsummer-2019/improving-monetary-regime-case-us-digital-cash   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

Why is it so hard to get monetary and fiscal policy right in troubled economic times? Jeffrey Frankel of Harvard's Kennedy School comments. See acast.com/privacy for privacy and opt-out information.

In the US, unemployment is at its lowest point for two decades. Wage growth is rising, the economy is growing. Tim Phillips asks Jeffrey Frankel of Harvard University why he worries about the depth of the next recession. [Read Jeffrey's blog on VoxEU.org](https://voxeu.org/content/next-recession-could-be-bad-one).

Tufts Professor Michael Klein explains how he’s using http://www.econofact.org to better inform the broader public about economics. The non-partisan publication features easily-digestible briefs on topical economic issues authored by a network of economists around the country, including HKS Professors David Deming, Jeffrey Frankel, and Mark Shepard.

Jeffrey Frankel, a professor at Harvard University’s Kennedy School of Government and a former member of President Bill Clinton’s Council of Economic Advisers, outlines the five criteria he uses to judge the efficacy of tax reform efforts. And in his view, the US Republicans’ most recent offering fails miserably.

Jeffrey Frankel is a professor and economist at Harvard University and the director of the Program in International Finance and Macroeconomics at the National Bureau of Economic Research (NBER). He joins the show to discuss serving on the NBER’s Business Cycle Dating Committee, which officially declares the start and end of recessions. David and Jeff also discuss the monetary history of the Plaza Accord, an international agreement in 1985 to devalue the U.S. dollar. Jeff also shares his thoughts on globalization in the past few decades and current-day challenges facing it. David’s blog: http://macromarketmusings.blogspot.com/ Jeff Frankel’s Harvard profile: https://www.hks.harvard.edu/about/faculty-staff-directory/jeffrey-frankel Jeff Frankel’s NBER publications: http://www.nber.org/authors/jeffrey_frankel David’s Twitter: @DavidBeckworth Related links: “Globalization of the Economy” by Jeffrey Frankel https://www.hks.harvard.edu/fs/jfrankel/NyeGlobWPwFigPost.pdf “Globalization and Chinese Growth: End of Trends” by Jeffrey Frankel http://scholar.harvard.edu/frankel/publications/globalization-and-chinese-growth-ends-trends “The Plaza Accord: 30 Years Later” by Jeffrey Frankel https://www.hks.harvard.edu/fs/jfrankel/PlazaAccord-PIIE2016.pdf

As markets absorb the ECB's announcement of a negative deposit rate and credit easing, Delphine Strauss, currencies correspondent, asks Jeffrey Frankel, professor at Harvard University Kennedy School of Government, how far this takes the ECB in its fight against deflation - and whether it is becoming a covert actor in the so-called currency wars See acast.com/privacy for privacy and opt-out information.

Historically, countries that are rich in mineral and commodity resources, like oil, copper or coffee, for example, have had lower rates of growth compared to nations which don't enjoy those advantages. It's a phenomenon dubbed the nature resource curse." Jeffrey Frankel outlines ways he believes the natural resource curse can be mitigated or even avoided.

Moe discusses Financial Crises in Global Markets with Prof. Jeffrey Frankel. Please call 1-800-388-9700 for a free copy of his research paper. 

Jeffrey Frankel, Professor of Capital Formation and Growth at Harvard University’s Kennedy School of Government -Moe comments the State of the Union Address and shares his opinions with Jeffrey Frankel, Professor of Capital Formation

The esteemed Jeffrey Frankel shares his thoughts on the currency situation, the budget deficit, tax rates, and trade.