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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. Electric car charging Sergei Fadeichev/Getty Images

    Europe Needs Chinese Investment

    Dalia Marin urges European policymakers to focus on boosting FDI flows from technologically advanced economies.
  2. laidi31_CHRISTOPHE ENAPOOLAFP via Getty Images_macron Christophe Ena/POOL/AFP via Getty Images

    Why Macron Is Risking an Election

    Zaki Laïdi points out that the French president has little to lose by dissolving parliament after two years of paralysis.
  3. ash1_SERGEY BOBOKAFP via Getty Images_ukraine destruction SERGEY BOBOK/AFP via Getty Images

    The Economic Case for Seizing Russia’s Frozen Assets to Support Ukraine

    Timothy Ash rebuts the main arguments against confiscating Russian reserves to fund Ukraine’s defense.
  4. hichilema1_David MAREUILAnadolu AgencyGetty Images_g7 David MAREUIL/Anadolu Agency/Getty Images

    The G7 Cannot Afford to Ignore Africa

    Hakainde Hichilema

    Despite rising global tensions, the G7 remains a formidable and influential grouping, and it has a responsibility to act boldly in boosting shared prosperity. To that end, it must replenish the International Development Association, reallocate special drawing rights, and push for debt-pause clauses at this week’s summit.

    urges the group to commit to an ambitious replenishment of the International Development Association.
  5. legrain38_Thomas LohnesGetty Images_far right Thomas Lohnes/Getty Images

    Europe Must Fight the Far-Right Surge

    Philippe Legrain

    After the far right’s gains in the European Parliament elections, mainstream parties can either sit idly by or tackle the problem head-on, as French President Emmanuel Macron seems to be doing. Calling the populists’ bluff offers the best chance of victory by showing how their radical policies could backfire.

    thinks French President Emmanuel Macron was right to challenge the National Rally by calling a snap election.
  6. dbanda1_ Alison WrightGetty Images_africawomanbusiness Alison Wright/Getty Images

    Investing in African Women Will Yield Outsize Returns

    Dolika Banda highlights the pivotal role female entrepreneurs can play in building the “impact economies” of the future.
  7. sierakowski110Andrzej IwanczukNurPhoto via Getty Images_tusktrzakowski Andrzej Iwanczuk/NurPhoto via Getty Images

    The Real Winners of the European Election

    Sławomir Sierakowski considers who is in the strongest position after a far-right wave failed to materialize.
  8. metzl16_ Google via Getty Images_alphagolee Google via Getty Images

    Can AI Foster a Global Consciousness?

    Jamie Metzl explains how the technology could help people incorporate a collective purpose into their traditional beliefs.
  9. gill7_Getty Images_global economy Getty Images

    Getting the Global Economy Out of the Slow Lane

    Indermit Gill & M. Ayhan Kose propose ways to revive progress toward prosperity, particularly in beleaguered developing economies.

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