Paul McCulley, the former chief economist at Pimco, has joined Cornell Law School as senior fellow in financial macroeconomics, Cornell said on Wednesday.
McCulley retired in 2015 from the Pacific Investment Management Company where he was chief economist and managing director. At Cornell, he will conduct research and produce scholarship on global financial and monetary matters, with a particular emphasis on regulatory and central bank policies.Reuters
McCulley, former chief economist at Pimco, joins Cornell Law School
Jennifer Ablan
zzzzzzzzzzzzzzzz......
ReplyDeleteOld flame of Tom's perhaps?
ReplyDeleteI find it interesting that McCulley is going to a LAW school to teach financial macro.
ReplyDeleteEconomists are not going to adopt an MMT POV anytime soon, but lawyers are already at it, with Bill Black having been a leader for some time.
It's also interesting that central banks are now espousing endogenous money theory while economists are resisting it.