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About Hu McCulloch
J. Huston McCulloch is Professor Emeritus at the Ohio State University Economics Department and Adjunct Professor at the New York University Economics Department. Much of his research has centered on the implications of maturity mismatching, or misintermediation as he calls it, by banks and financial intermediaries, as it affects both the stability of the payments system and the Austrian concept of the intertemporal structure of production. He has become an authority on the term structure of interest rates that coordinates intertemporal production and consumption decisions, as well as the heavy-tailed Paretian stable probability distributions that realistically model severe financial risks.

He is the author of Money and Inflation: A Monetarist Approach (Academic Press, 1982). His articles on banking, finance and econometrics have appeared in the American Economic Review, Journal of Political Economy, Journal of Money, Credit and Banking, Journal of Monetary Economics, Journal of Finance, Journal of Econometrics, and other leading professional journals. An early article on Austrian utility theory was published in Austria in the Zeitschrift für Nationalökonomie.

Before Ohio State, McCulloch taught at Boston College, and served briefly as a Lecturer at Harvard. He has edited the Journal of Money, Credit and Banking and been a Faculty Research Fellow at NBER-West. He was invited to present the Ludwig von Mises Lecture at the 2014 Austrian Economic Research Conference, which appeared in the Spring 2014 Quarterly Journal of Austrian Economics. In his spare time, he has written extensively on climate change and archaeological anomalies.

Hu McCulloch also blogs at Independent Institute's The Beacon
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Banking Regulation, Booms & Busts, Economic Thought, News, The Fed & Central Banks

Diamond, Dybvig, and Government Deposit Insurance

Hu McCulloch/November 25, 2022December 7, 2022

The 2022 Nobel Prize in Economics is to be shared by Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig, “for research on banks and financial crises.” Diamond and Dybvig are best known for their 1983 article, “Bank Runs, Deposit Insurance, and Liquidity,” in which they…

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Welcome to Alt-M, a community devoted to exploring and promoting ideas for an alternative monetary future. Our goal is to reveal the shortcomings of today’s centralized, bureaucratic, and discretionary monetary arrangements, and to bring serious consideration of real alternatives to the center stage of current monetary and financial reform debates.

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