Hubbard OBrien Economics Podcast

Join authors Glenn Hubbard & Tony O'Brien as they react to the jobs report of over 300K jobs created which was way over expectations of about 200K. They consider the impact of this report as the Fed considers the next steps for the economy. Are we on a glide path for a soft landing at 2% inflation or will the Fed reconsider its long-standing target by adopting a higher 3% target? Glenn and Tony offer interesting viewpoints on where this is headed.

Join authors Glenn Hubbard & Tony O'Brien as they reflect on the Fed's efforts to execute the soft landing, ponder if the effect will stick, and wonder if future economies will be tethered to an anchor point above two percent.

Join authors Glenn Hubbard & Tony O'Brien as they discuss the economics landscape of inflation and soft-landings. This conversation occurred on Saturday, 9/16/23, prior to the FOMC meeting on September 19th-20th.

Join authors Glenn Hubbard & Tony O'Brien as they discuss the state of the landing the economy will achieve - hard vs. soft - or "no landing". Also, they address the debt celling and the barriers it presents to the recovery. We go into the Chips Act and what economics has to say about subsidy of a particular industry. Gain insights into today's economy through our final podcast of the 2022-2023 academic year!

Join authors Glenn Hubbard & Tony O'Brien as they discuss the future of the financial system in the wake of the recent large bank failures. They discuss the role of small banks in the financial system and debate their role in a world where virtually all deposits are guaranteed. Many tasks in our financial system are best-served by small & local banks but what is their future?

Join authors Glenn Hubbard and Tony O'Brien as they review the collapse of Silicon Valley Bank (SVB) in the context of a classic bank run. What lessons can be learned to avoid other bank collapses in this unchartered economic territory? Will this become a contagion? Or, is it simply an example of a bank searching for additional return in a changing economic world? Our discussion covers these points but you can also check for updates on our blog post that can be found HERE: https://hubbardobrieneconomics.com/2023/03/12/an-old-fashioned-bank-run-the-collapse-of-silicon-valley-bank-this-post-will-be-updated-as-new-information-becomes-available/

Join author Glenn Hubbard & Tony O'Brien in their first Sprint 2023 podcast where they revisit inflation as the major topic facing our country, our economy, and our classrooms. Glenn & Tony discuss the Federal Reserve response the the current economic conditions and the outlook for the economy. While rates have continue to move up, is a soft-landing still possible?

Join authors Glenn Hubbard & Tony O'Brien as they discuss the current challenges facing the Fed given the tools available to deal with inflation. They also delve into the FTX collapse and the role of crypto in today's economy. Finally, Glenn & Tony share some thoughts on holiday movies with an economic theme!

Join author Glenn Hubbard & Tony O'Brien in their Fall 2022 return to podcasting with an interesting discussion about inflation, the fed's response, crypto, and briefly touching on labor markets.

Authors Glenn Hubbard and Tony O'Brien reconsider the role of inflation in today's economy. They discuss the Fed's possible responses by considering responses to similar inflation threats in previous generations - notably the Fed's response led by Paul Volcker that led to the early 1980's recession. The markets are reflecting stark differences in our collective expectations about what will be done. Listen to find out more about the Fed's likely next steps.

Authors Glenn Hubbard & Tony O'Brien reflect on the global economic effects of Russia's invasion of Ukraine last week. They consider the impact on the global commodity market, US monetary policy, and the impact on the financial markets in the US. Impact touches Introductory Economics, Money & Banking, International Economics, and Intermediate Macroeconomics as the effects of Russia's aggression moves into its second week.

Join authors Glenn Hubbard and Tony O'Brien as they talk about the leading economic issue of early 2022 - inflation! They discuss the resurgence of inflation to levels not seen in 40 years due to a combination of miscalculations in monetary and fiscal policy. The role of Quantitative Easing (QE) is discussed in depth. Listen to gain insights into the economy today!

Authors Glenn Hubbard & Tony O'Brien react to some of the fiscal and monetary implications of the infrastructure bill. They also talk about some economic impacts of the recent supply chain struggles. Here’s Alan Cole’s blog: https://fullstackeconomics.com/how-i-reluctantly-became-an-inflation-crank/; Neil Irwin wrote a column referencing Cole here: https://www.nytimes.com/2021/10/10/upshot/shadow-inflation-analysis.html; Here’s a Times article on the inefficiency of subway construction in NYC: https://www.nytimes.com/2017/12/28/nyregion/new-york-subway-construction-costs.html; A recent article on the state of CA’s bullet train: https://www.kcra.com/article/california-bullet-trains-latest-woe-high-speed/37954851; A WSJ column on goods v. services: https://www.wsj.com/articles/at-times-like-these-inflation-isnt-all-bad-11634290202

Authors Glenn Hubbard and Tony O'Brien discuss the recent jobs report falling short of expectations. They also discuss the comments of Fed Chairman Powell's comments at the Federal Reserve's recent Jackson Hole conference. They also get to some of the recommendations of a Brookings Task Force, co-chaired by Glenn Hubbard, to address monetary tools used to address financial stability. Use the links below to see more information about these timely topics: Powell’s Jackson Hole speech: https://www.federalreserve.gov/newsevents/speech/files/powell20210827a.pdf The report of Glenn’s task force: https://www.brookings.edu/wp-content/uploads/2021/06/financial-stability_report.pdf The most recent economic forecasts of the FOMC: https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20210616.pdf

Authors Glenn Hubbard and Tony O'Brien are back for the Fall semester tackling difficult economics concepts with an eye towards students and instructors of economics. In this episode, Glenn and Tony debate the economic outlook given the effects of the delta variant as well as the overall outlook on inflation. Times are changing and the influences on the economic data are varied.

Authors Glenn Hubbard and Tony O'Brien follow up on last week's podcast by discussing monetary policy in today's world. The Fed's role has changed significantly since it was first introduced. They keep an eye on inflation and employment but aren't clear on which is their priority. The tools and models used by economists even a decade ago seem outdated in a world where these concepts of a previous generation may be outdated. But, are they? LIsten to Glenn & Tony discuss these issues in some depth as we navigate our way through a difficult financial time.

Authors Glenn Hubbard and Tony O'Brien discuss the long-term impacts of recent fiscal policy decisions as well as the proposed infrastructure investment by the Biden administration. The most recent round of fiscal stimulus means that we're spending almost 4.5 Trillion which is a high percentage of what we recently spent in an entire fiscal year. They deal with the question of if the infrastructure spending will increase future productivity or will just be spent on the social programs. Also, Glenn deals with the proposed corporate tax increase to 28% which has been designated to fund these programs but does have an impact on stock market values held by millions through 401K's and IRA's.

Authors Glenn Hubbard and Tony O'Brien discuss early thoughts on the Biden Administration's economic plan. They consider criticisms of the most recent stimulus packages price tag of $1.9B that it may spur inflation in future quarters. They offer thoughts on how this may become the primary legislative initiative of Biden's first term as it crowds out other potential policy initiatives. Questions are asked about what bounce we may see for the economy and comparisons are made to the Post World War II era. Please listen and share with students!

Authors Glenn Hubbard and Tony O'Brien talk with recent Economics grad Sydney Levin, about her transitions from undergrad economics major to master's students to management consultant. Hear about the tools Sydney developed an an Economics student that aid her in tackling complex business challenges along with her management consulting team on a day-to-day basis. She also offers insight into which courses helped most in developing her economic view. Glenn and Tony offer thoughts on Adam Smith and other topics during the discussion.

Authors Glenn Hubbard and Tony O'Brien catch up with two recent Penn State University Economics graduates - Fernando Zuniga & Gregory Mitchell. They discuss their path through their econ courses - what interested them, what they learned, and what's been helpful as they begin their careers. They also discuss their careers - how they got there and what econ principles have offered insight into their roles. Students and instructors will gain more insight from this conversation around learning economics and the career paths chosen.