What John H. Cochrane thinks about inflation
Economist at the Hoover Institution, previously at the University of Chicago's Booth School of Business, and the author of the fiscal theory of the price level. Writes at The Grumpy Economist.
Everything they publish, on ppll ↗
John H. Cochrane did not write this page.
We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.
3 dated positions, 2024 to 2026, in their own words. Our reading of what John H. Cochrane has said — not written or endorsed by them.
The shading behind a date shows how recently it was said: full within a month, empty after three years.
-
Their wordsCentral banks should hold inflation-protected bonds as the primary assets on their balance sheets.
-
Their wordsAt a basic level, holding real assets should help central banks to control inflation.
- 2 years earlier
-
Their wordsWe got inflation, but we did not get the devastation that would have been caused by price controls and rationing.
↗Praise for Price-Gouginggrumpy-economist.com 4th of 4 in this piece
The shading behind a date fills in quarters: said within a month, six months, a year, or three years. Empty means more than three years ago. It says when, not whether it still holds — a change of mind is marked on the claim itself.
Striped means we only know the words existed by that date; they may be older.