The Frontal Cortex

Archives for December, 2009

Bubbles

The WSJ reports that the Fed is considering getting serious about popping financial bubbles: Not so long ago, Federal Reserve officials were confident they knew what to do when they saw bubbles building in prices of stocks, houses or other assets: Nothing. Now, as Fed Chairman Ben Bernanke faces a confirmation hearing Thursday on a…

Politics and Current Events

A new paper by Paola Giuliano, an economist at UCLA, and Antonio Spilimbergo, an economist at the International Monetary Fund, looks at how severe recessions, depressions and other “macroeconomic shocks” influence the political beliefs of young adults. Here’s the abstract: Do generations growing up during recessions have different socio-economic beliefs than generations growing up in…