In Jan. 2012, I began a postion as special adviser to the Federl Reserve Board. More details are provided in the Fed's press release.
I am on leave from Johns Hopkins University, where I am the Louis J. Maccini Professor of Economics and serve as Director of the Center for Financial Economics … » more CFE
Up to now, this site has existed to help distribute my research and to provide an outlet for my sense of humor, such as it is. The frequency of updating of this site was one of the minor casualties during the crisis and updating will probably grind to a halt entirely as I take up this new position.