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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. nishtar8_AMAURY HAUCHARDAFP via Getty Images_africavaccine Amaury Hauchard/AFP via Getty Images

    Fifty Years of Immunization Success Call for 50 More

    Sania Nishtar touts the remarkable results of global collaboration on routine vaccination and foresees continued progress.
  2. GettyImages-2149550584 Photo by MARK PETERSON/POOL/AFP via Getty Images

    Trump on Trial

    From a long list of criminal indictments to unfavorable voter demographics, there is plenty standing between presumptive GOP nominee Donald Trump and a second term in the White House. But a Trump victory in the November election remains a distinct possibility – and a cause for serious economic concern.

  3. woods56_Alex WongGetty Images_georgieva Alex Wong/Getty Images

    The IMF Chose the Right Leader the Wrong Way

    Ngaire Woods thinks the Fund’s process for selecting its managing director is woefully out of step with today’s world.
  4. bildt122_Mikhail SvetlovGetty Images_trumpputin Mikhail Svetlov/Getty Images

    Trump Is Putin’s Only Hope Now

    Carl Bildt considers the implications of Ukraine finally receiving the Western military aid it has been waiting for.
  5. frankel159_Getty Images_customer service Getty Images

    How to Rebuild Trust in Public Institutions

    Eleanor Carter & Carolyn J. Heinrich highlight the value of face-to-face interactions at a time when governments are phasing out in-person services.
  6. isenberg1_TIMOTHY A. CLARYPOOLAFP via Getty Images_trumptrial Timothy A. Clary/Pool/AFP via Getty Images

    Is Trump Above the Law?

    Nancy Isenberg

    Contrary to what former US President Donald Trump would have the American public believe, no president enjoys absolute immunity from criminal prosecution. To suggest otherwise is to reject a bedrock principle of American democracy: the president is not a monarch.

    explains why the US Supreme Court must reject the former president's claim to immunity from prosecution.
  7. deryugina1_BEN BIRCHALLPOOLAFP via Getty Images_ukraineflagsoldier Ben Birchall/Pool/AFP via Getty Images

    Ukraine Is Far From Doomed

    Tatyana Deryugina & Anastassia Fedyk

    When comparing Ukraine’s situation in 2024 to Europe’s in 1941, Russia’s defeat seems entirely possible. But it will require the West, and the US in particular, to put aside domestic political squabbles and muster the political will to provide Ukraine with consistent and robust military and financial assistance.

    compare Russia's full-scale invasion to World War II and see reason to hope – as long as aid keeps flowing.
  8. glennerster2_Scott OlsonGetty Images)_vaccines Scott Olson/Getty Images)

    The Pandemic Financing Developing Countries Need

    Rachel Glennerster urges multilateral development banks to establish mechanisms that enable at-risk vaccine purchases.
  9. krueger74_AFP via Getty Images_nigercoup AFP via Getty Images

    The Geopolitics of Africa’s Debt Crisis

    Anne O. Krueger urges developed countries to back efforts by the IMF and the World Bank to promote growth-enhancing reforms.

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