Wall Street critics often say that compensation should be in long-term restricted stock so that managers and employees do not have the incentive to take excessive risk, make big money in good years, d… more →
The Baseline ScenarioJames Kwak wrote 23 hours ago: Wall Street critics often say that compensation should be in long-term restricted stock so that mana … more →
James Kwak wrote 1 week ago: Hat tips to Uncle Billy and Felix Salmon: “A FORMER INVESTMENT BANKER ANALYST FALLS BACK ON PL … more →
James Kwak wrote 1 week ago: Arnold Kling of EconLog has done the hard work of setting out his theory of the financial crisis and … more →
James Kwak wrote 1 week ago: Many of us bloggers are better at criticizing than at proposing anything — especially when the … more →
James Kwak wrote 4 weeks ago: One of our readers pointed me to a paper by Edward Kane with the unfortunately complicated title … more →
James Kwak wrote 1 month ago: I would like to strongly recommend Steve Randy Waldman’s recent post on “Discretion and … more →
James Kwak wrote 1 month ago: A reader pointed out a quick analysis done by Dean Baker and Travis McArthur of the Center for Econo … more →
James Kwak wrote 1 month ago: The administration is putting a lot of eggs in the resolution authority basket — the idea that … more →
James Kwak wrote 2 months ago: I generally avoid writing about monetary policy, since every economics course I’ve taken since … more →
James Kwak wrote 2 months ago: Start here. Then keep reading. It has nothing to do with economics, but a lot to do with statistics. … more →
James Kwak wrote 2 months ago: On Monday I wrote a post criticizing the sloppy way that Robert Shiller argued for financial innovat … more →
James Kwak wrote 2 months ago: David Moss wrote a good article in Harvard Magazine about systemic risk and regulation; it’s b … more →
James Kwak wrote 2 months ago: Satyajit Das, who knows more about derivatives than I know about anything, has a guest post on naked … more →
James Kwak wrote 3 months ago: Last week, Bill Moyers interviewed Jim Yong Kim, a distinguished medical professor and leader of non … more →
James Kwak wrote 3 months ago: First, the pictures. Paul Swartz of the Council on Foreign Relations has a new version of his charts … more →
James Kwak wrote 3 months ago: Taunter has a comprehensive proposal about how to regulate financial services, dividing them into Bo … more →
James Kwak wrote 3 months ago: This weekend’s New York Times Magazine has the 7,000-word article about the state of macroecon … more →
James Kwak wrote 3 months ago: I had a business trip late last week, so I used the plane flight home to read The Sages, by Charles … more →
James Kwak wrote 3 months ago: Mark Kleiman (hat tip Brad DeLong) says more clearly what I tried to say a while back: cost-benefit … more →