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Nicolas Cachanosky

Knowledge Problem in Central Banking – Part I

In my previous posts, Andreas Hoffmann and I discussed the problem of unintended consequences in monetary policy, particularly as applied to the U.S. Federal Reserve and the European Central Bank in the context of the 2008 crisis. This post tackles a related issue: the so called “knowledge problem.” This term was coined after Hayek’s engagement […]

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Natalia Smirnova

AIER’s 2017 Summer Fellowship Comes to a Close

AIER’s 2017 Summer Fellowship Program comes to a close today. As students are departing, we are reflecting on continued legacy of our founder, Col. E.C. Harwood, who advocated “efforts to promote independent scientific inquiry and education.”

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