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John H. Cochrane

John H. Cochrane

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John H. Cochrane is a senior fellow of the Hoover Institution, an adjunct scholar at the CATO Institute, and the author of The Fiscal Theory of the Price Level (Princeton University Press 2023). He maintains the Grumpy Economist blog.

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  1. John H. Cochrane on fiscal theory, bank failures, central-bank independence, and more
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    John H. Cochrane on fiscal theory, bank failures, central-bank independence, and more

    Apr 4, 2023 John H. Cochrane predicts a period of stubborn inflation, explains why more regulation will not end financial crises, considers factors that may diminish faith in government-debt repayment, and more.

  2. The Liz Truss Tragedy
    cochrane7_ Jeff J MitchellGetty Images_truss Jeff J Mitchell/Getty Images

    The Liz Truss Tragedy

    Oct 25, 2022 John H. Cochrane & Jon Hartley thinks Britain’s short-lived prime minister had the right idea, but failed on execution.

  3. The End of an Economic Illusion
    cochrane6EVA HAMBACHAFP via Getty Images_inflation printing money EVA HAMBACH/AFP via Getty Images

    The End of an Economic Illusion

    Apr 15, 2022 John H. Cochrane shows how the return of inflation is forcing pundits and policymakers to abandon wishful thinking.

  4. Time for Supply
    GettyImages-1291931091 Getty Images

    Time for Supply

    Mar 3, 2022 John H. Cochrane & Jon Hartley explain the reforms needed to fix the US economy's long-ignored but single biggest problem.

  5. Why Isn't the Fed Doing its Job?
    cochrane4_Brooks Kraft Getty Images_fed reserve Brooks Kraft Getty Images

    Why Isn't the Fed Doing its Job?

    Jan 19, 2022 John H. Cochrane thinks the world’s most important central bank has lost its way and should get back to basics.

  1. mazzucato68_Muhammet Ikbal ArslanAnadolu via Getty Images_worldhealthassembly Muhammet Ikbal Arslan/Anadolu via Getty Images

    The Economics of Health for All

    Mariana Mazzucato explains why pandemic prevention and preparedness must be embedded in economic policymaking.
  2. roach166_Kevin DietschGetty Images)_shipping Kevin Dietsch/Getty Images

    The Dangerous Incoherence of US Trade Policy

    Stephen S. Roach warns that America’s latest tariffs against China raise the risk of a catastrophic superpower conflict.
  3. songwe13_Anna MoneymakerGetty Images_rutobiden Anna Moneymaker/Getty Images

    A New Dawn for US-African Cooperation?

    Vera Songwe identifies three ways that the United States can ultimately help itself by helping the continent.
  4. GettyImages-1166756409

    Raghuram G. Rajan and Rohit Lamba on Indian job creation, industrial policy, democracy, and more

    Raghuram G. Rajan & Rohit Lamba argue that India must place the highest priority on creating and owning intellectual property, advocate an alternative to interventionist industrial policies like subsidies, call for the decentralization of Indian governance at every level, and more.
  5. samadashvili2_ GIORGI ARJEVANIDZEAFP via Getty Images_protest georgia GIORGI ARJEVANIDZE/AFP via Getty Images

    The Global Implications of Georgia’s Political Crisis

    Salome Samadashvili

    Borrowing from the Kremlin’s playbook, Bidzina Ivanishvili, Georgia’s de facto ruler, is seeking to eliminate foreign-funded NGOs, suppress independent media, and eradicate the political opposition. His determination to establish an authoritarian regime reflects his harmony of interests with Russian President Vladimir Putin.

    implores the US and Europe to bolster democracy in the country at a make-or-break moment.
  6. op_whatley11_Chun Shu EyeEm_openbook Chun Shu/EyeEm/Getty Images

    Read More Summer 2024 Reading List

    PS editors share books that have impressed them lately, and say why you should consider adding them to your summer reading list.
  7. berglof38_CHAIDEER MAHYUDDINAFP via Getty Images_mangroves indonesia CHAIDEER MAHYUDDIN/AFP via Getty Images

    Building Resilience in the Developing World

    Erik Berglöf argues for additional financing mechanisms to protect low-income economies against proliferating shocks.
  8. milani5_Fatemeh BahramiAnadolu via Getty Images_iran raisi Fatemeh Bahrami/Anadolu via Getty Images

    Iran’s Succession Crisis Is a Legitimacy Crisis

    Abbas Milani explains why few Iranians within or outside the country truly mourn the death of President Ebrahim Raisi.
  9. rogoff249_Alex WongGetty Images_powellbiden Alex Wong/Getty Images

    Central Banks’ New-Old Inflationary Bias

    Kenneth Rogoff explains why policymakers are more likely to risk higher prices during periods of economic uncertainty.

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