Simon Johnson
Simon Johnson, who is a professor at MIT's Sloan School of Management, is co-author of "White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You."
Simon Johnson, who is a professor of entrepreneurship at MIT's Sloan School of Management and a senior fellow at the Peterson Institute for International Economics, is co-author of the book "White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You."
Johnson is a co-founder of the blog, baselinescenario.com, a member of the Congressional Budget Office's Panel of Economic Advisers, and a member of the FDIC's systemic resolution advisory committee. He also served as chief economist at the International Monetary Fund in 2007 and 2008.
Over the past two decades, he has worked on research and business projects in Eastern Europe, the former Soviet Union, East Asia and South America; he is currently co-director of the National Bureau of Economic Research's Africa Project. He has a bachelor's degree from Oxford and a doctorate in economics from M.I.T. He lives in Washington.
Articles By Simon Johnson
As European Austerity Ends, So Could the Euro
The euro currency is a malady that condemns at least a generation of Greeks, Italians, Spaniards, Portuguese and Irish to the economic infirmary.
German Unions Seeking Higher Pay Could Save the Euro
At times of economic crisis, politicians like to blame investors, preferably foreign investors.
Ignore Long-Term Forecasts Assuming No Medicare Fix
How much should you worry about the level of federal government debt in 2075? The Congressional Budget Office forecasts deficits and debts out that far, and the numbers are eye-popping. According to the CBO, total debt is on a trajectory to reach 700 percent of gross domestic product.
How the U.S. Became Banker to the Post-War World (Part 3)
Both the international monetary system and American fiscal policy began to change in the 1960s. The system developed at the United Nations Monetary and Financial Conference, held in Bretton Woods, New Hampshire, in July 1944, fixed exchange rates to a dollar backed by gold. It worked successfully for years. But it couldn’t last forever.
Federal Reserve Stress Tests Make Us All Muppets
There was disheartening news last week regarding the way the U.S. financial system operates. I’m not referring to the opinion piece by a departing Goldman Sachs Group Inc. employee, which suggested that the company has little respect for its customers.
After the U.S. Election, a Glimmer of Fiscal Hope: Simon Johnson
The conventional wisdom says the U.S. is doomed, fiscally speaking. In most economic forecasts, annual budget deficits stretch as far as the eye can see.
Liquidity-Versus-Capital Debate Divides Stanford: Simon Johnson
Top researchers at the Stanford University Graduate School of Business are taking diametrically opposing views on the Volcker rule, one of the most important issues in financial reform. The sharp distinctions can be seen in their public comments to U.S. bank regulators writing the rule, the part of the Dodd-Frank law that restricts proprietary trading by very large banks.
Johnson: Financial Services Roundtable Has No Clothes
In a report last week, the Financial Services Roundtable boldly stated that the financial-services industry “has made significant changes since the crisis and is safer and stronger than ever.” The message from the lobby group, which represents 100 of the largest U.S. financial companies, is clear: When it comes to the risks posed by big banks, don’t worry, be happy.
Europe’s Debt Crisis Is Still Likely to End Badly: Simon Johnson
There are two main schools of thought on what may happen next with Europe’s debt crisis. Some well-informed people strongly believe that everything will work out just fine, and without much of an economic slowdown. Other, equally well-informed people believe just as strongly that the euro area will break apart in a traumatic manner. When it comes to predicting Europe’s future, not many people occupy the middle ground.
Obama’s Consumer Financial-Protection Trump Card: Simon Johnson
The biggest news for the Republican presidential-nomination race last week wasn’t the outcome of the Iowa caucuses but the recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau.
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