People

CFE Faculty

Robert J. Barbera
Director, CFE
Ph.D., Johns Hopkins
410.516.0557
rjb46@jhu.edu
Wyman 594

Brendan Daley
Ralph S. O’Connor Associate Professor of Economics
PhD, Stanford University
410-516-7607
brendan.daley@jhu.edu
Wyman 596

Greg Duffee
Carl Christ Professor
Ph.D., Harvard
410.516.8828
duffee@jhu.edu
Wyman 552

Louis J. Maccini
Advisor, CFE
Professor emeritus
Ph.D., Northwestern

Affiliated Faculty

Laurence M. Ball
Professor
Ph.D., MIT
410.516.7605
lball@jhu.edu
Wyman 566

Olivier Jeanne
Professor
Ph.D., École des Hautes Études en Sciences Sociales, Paris
410.516.7604
ojeanne@jhu.edu
Wyman 582

Edi Karni
Scott and Barbara Black Professor
Ph.D., U. of Chicago
410.516.7608
karni@jhu.edu
Wyman 562

Jonathan Wright
Professor
Ph.D, Harvard
410.516.5728
wrightj@jhu.edu
Wyman 584

CFE Fellows

Kevin Heerdt
CFE fellow
B.A., USC
kheerdt1@jhu.edu
Wyman 533

Floyd Norris
CFE fellow, and former chief NYT financial correspondent
MBA, Columbia

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CFE • Commentary

The Year of the Pink Slip

Floyd Norris

01/09/2021

How bad a year was 2020? During the year, the United States economy lost a net 9.4 million jobs — 6.2% of the jobs it had at the end of 2019. That is by far the largest annual decline since 1950. The years that included the financial crisis more than a decade ago had seen […]

NYT > Business > DealBook

NYT > Business > DealBook 11 hours ago

Sorkin: Dark Money Is on the Supreme Court's DocketView More

CFE • Commentary

Recovery, Expansion, and an Old Normal Yield Curve

Bob Barbera • Jonathan Wright

01/09/2021

In December of 2019, the U.S. unemployment rate stood at 3.6% and prime age labor force participation, at 82.9%, was at an 11 year high. Today, December 2020 jobs figures were released, with unemployment at 6.7% and participation at 81%, both making it clear that today’s economic backdrop is bleak. These data also make clear […]

CFE • Commentary

Closing the Fire Station, to Motivate Less Smoking in Bed

Bob Barbera

12/20/2020

In the spring of 2009, amid the darkest moments of the Great Recession, I published a book and a blogpost. The book, reviewed here, championed the notion that mainstream macroeconomic thinking failed to appreciate, for good and ill, the central role that finance plays in capitalist economies. The blogpost, co-authored with then CFE colleague Jon […]

CFE • Commentary

What Do GDP Figures Show?

Floyd Norris

10/31/2020

The United States, unlike many countries, releases its GDP figures as annual rates. That makes no sense now, when there are clearly forces at work that will not continue for quarters to come. It makes more sense to say the economy contracted 9.0% in the second quarter and expanded 7.1% in the third quarter. But […]