#442 - The Future of the Euro: A Dialogue with John Cochrane

In this episode, Xavier Bonilla has a dialogue with John Cochrane about the Euro. They talk about the Euro, European Central Bank (ECB), inflation and price stability, and the differences between the US Federal Reserve and the ECB. They talked about the creation of the Euro, joining the EU, debates about “end the Fed,” Greek crisis, covid-19 pandemic and inflation, future of the Euro, and many more topics. John H. Cochrane is the Rose-Marie and Jack Anderson Senior Fellow of the Hoover Institution at Stanford University. He earned a Bachelor’s degree in Physics at MIT, and earned his Ph.D. in Economics at the University of California at Berkeley. He was at the Economics Department of the University of Chicago before joining the Booth School in 1994, and visited UCLA Anderson School of Management in 2000-2001. Before coming to Hoover, Cochrane was the AQR Capital Management Distinguished Service Professor of Finance at the University of Chicago Booth School of Business, where he taught the MBA class “Advanced Investments” and a variety of PhD classes in Asset Pricing and Monetary Economics.He is also a Senior Fellow of the Stanford Institute for Economic Policy Research (SIEPR), Professor of Finance and Economics (by Courtesy) at Stanford GSB, a Research Associate of the National Bureau of Economic Research, and an Adjunct Scholar of the CATO Institute. He is a past President and Fellow of the American Finance Association, and a Fellow of the Econometric Society. He has been an Editor of the Journal of Political Economy, and associate editor of several journals including the Journal of Monetary Economics, Journal of Business, and Journal of Economic Dynamics and Control. He was a director of the NBER asset pricing program. Awards include the Bradley Prize, the APEE Adam Smith award, the TIAA-CREF Institute Paul A. Samuelson Award for Asset Pricing, the Chookaszian Endowed Risk Management Prize, the Faculty Excellence Award for MBA teaching and the McKinsey Award for Outstanding Teaching. He is the author of numerous books, including the most recent book (with co-authors Luis Garicano & Klaus Masuch), Crisis Cycle: Challenges, Evolution, and Future of the Euro. Get full access to Converging Dialogues at convergingdialogues.substack.com/subscribe