The Fed Surprise

As an exercise for the macro student, watch this video starting around minute 30. The video is a brief Q&A with Narayana Kocherlakota, the President of the Minneapolis Federal Reserve Bank.

Then make a prediction for monetary policy going forward.
A) The Fed Tapers or
B) The Fed Waits.

Then read what happened here.

Surprised?

Want to find out what your income says about you?

Check out the Upshot of Income at Marketplace.org.

Seminar: Professor Claude Diebolt

The first seminar of the 2013-14 academic year is scheduled for Tuesday, September 24th at 4:00 pm in room 122 Wimberly Hall. Professor Claude Diebolt (University of Strasbourg) will present "Where do students go? Allocation of talents and career paths in the long run." Upper division students are encouraged to attend.

Seminar: Matt Holt

Matt Holt (Univ Alabama) will present "The Role of Mechanical Refrigeration in Spatial and Temporal Price Dynamics for Regional U.S. Egg Markets," on Friday, April 5 at 3:30 in room 141 Wimberly.

Seminar: Dave Surdam

The Department of Economics seminar series kicks off the spring semester on Monday, February 25th. Professor Dave Surdam (Univ of Northern Iowa), will present "Antitrust Issues in the 20th Century Leisure Industry." The seminar will be held at 4:00 in room 141 Wimberly. We cordially invite you and your students to all of our seminars.

Seminar: Mark Owens

Mark Owens, will be here on Nov. 2nd to present his most recent paper: "Provision and Price of Child Care Services: For-Profits and Nonprofits." The seminar will be held in Wimberly 230 from 3:30 until 4:30 pm.

Should We Encourage Competition (in kids)?

I know that not all readers on this blog are parents, but anyone interested in economics is, by definition, interested in competition. I don't know how many times I've let my son beat me in some game or another. He's getting better at hockey, so the games we play in our shoes in the garage are getting more competitive (I just hope that he'll remember all of these times when he's a squirt and skating circles around me). Check out this article about the role of competition in raising kids in the New York Times this weekend. Aside from the fact that I know the dude in the picture, it is a great article about teaching competition, cooperation and a mix of both. So, he still didn't answer my question -- is it okay to be like Phil Dunphy in Modern Family when he slammed Luke in trampoline basketball?