description John Cochrane Overview
John Cochrane is an American economist and a senior fellow at the Hoover Institution at Stanford University. Previously a longtime professor at the University of Chicago Booth School of Business, he is widely recognized for developing the fiscal theory of the price level. His 2001 textbook, "Asset Pricing," remains a standard reference in financial economics. He is also known for his public commentary on economic policy through his blog, "The Grumpy Economist."
help John Cochrane FAQ
What is John Cochrane's fiscal theory of the price level?
Cochrane, a senior fellow at the Hoover Institution at Stanford, is widely recognized for developing the fiscal theory of the price level. This theory argues that inflation is fundamentally driven by the government's fiscal decisions and national debt, rather than just central bank money supply.
Where did John Cochrane previously teach?
Before moving to Stanford, Cochrane was a longtime professor at the University of Chicago Booth School of Business. His time at the University of Chicago deeply influenced his free-market macroeconomic perspectives.
What is John Cochrane's famous asset pricing textbook?
He authored the widely used textbook 'Asset Pricing,' which synthesizes a vast amount of financial theory under a single factor-discounting framework. The book is heavily relied upon in PhD finance and economics programs across the country.
Does John Cochrane write a blog?
Yes, Cochrane is an active public intellectual who writes frequently on his blog, 'The Grumpy Economist.' In this forum, he discusses macroeconomic policy, inflation, and government spending with a highly critical, free-market lens.
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