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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. op_krastev3_Manu ReinoDeFodi Images via Getty Images_ukraineflag Manu Reino/DeFodi Images via Getty Images

    The War for the West

    Ivan Krastev interviewed by Sławomir Sierakowski

    Although the events of the last two years amount to a clear strategic failure for Russian President Vladimir Putin, it is equally clear that the West became overly confident after Ukraine's battlefield successes in 2022. Now, a strategic re-calibration may be in order.

    about the conflict in Ukraine and the challenges facing Western democracies in a changing world.
  2. woods55_Jodi HiltonNurPhoto via Getty Images_polarization Jodi Hilton/NurPhoto via Getty Images

    An Antidote to the Polarization Poison

    Ngaire Woods suggests how policymakers can foster a sense of solidarity among people of different political creeds.
  3. hsieh7SAM YEHAFP via Getty Images_tsmc SAM YEH/AFP via Getty Images

    How America’s CHIPS Act Hurts Taiwan

    Chang-Tai Hsieh, et al. worry that US inducements are luring the world’s top semiconductor manufacturer down a dead end.
  4. elerian164_ANGELA WEISSAFP via Getty Images_nyse Angela Weiss/AFP via Getty Images

    Will the US Economy Drive Global Growth this Year?

    Mohamed A. El-Erian

    Despite rosy forecasts, the US economy faces powerful headwinds that call into question its ability to serve as the world’s main growth driver. These challenges are compounded by domestic and geopolitical uncertainties that have not been reflected in market valuations and economic assessments.

    explains why economists and investors are far too optimistic about America’s near-term prospects.
  5. dunleavycampbell1_ Leon NealGetty Images)_internetr Leon Neal/Getty Images)

    The US Is Jeopardizing the Open Internet

    Natalie Dunleavy Campbell & Stan Adams condemn America’s apparent decision to abandon its role as a champion of a free digital domain.
  6. monga10MUHAMADOU BITTAYEAFP via Getty Images_senegal uni MUHAMADOU BITTAYE/AFP via Getty Images

    How to Finance Higher Education in Africa

    Célestin Monga proposes a mix of several funding streams to improve access to high-quality colleges and universities.
  7. bu1+ NHAC NGUYENAFP via Getty Images_vietnam wind NHAC NGUYEN/AFP via Getty Images

    Catalytic Capital Holds the Key to Southeast Asia’s Green Transition

    Kitty Bu & Stefanie Fairholme highlight the potential role of early-stage funding in advancing the region’s decarbonization efforts.
  8. op_campanella12_BlackJack3DGetty Images_AIbrain BlackJack3D/Getty Images

    Which AI Risks Matter?

    Edoardo Campanella considers three leading experts’ assessments of the technology’s future capabilities and their implications.
  9. bq eu security Photo by Win McNamee/Getty Images

    Europe Must Defend Itself

    Donald Trump – who spent his presidency lambasting NATO – recently suggested that he would encourage Russian aggression against NATO allies that had not met their commitment to spend 2% of GDP on defense. With Trump vying for another term in the White House – and the Ukraine war still raging on the European Union’s doorstep – EU countries can no longer ignore the difficult but essential task of taking charge of their own security.

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