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June 17, 2015

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Posted: 17 Jun 2015 12:06 AM PDT

Fed Watch: FOMC Preview

Posted: 16 Jun 2015 09:42 AM PDT

Tim Duy:

FOMC Preview: This month my FOMC preview is over at Bloomberg.  The intro:

The Federal Open Market Committee meets this week to discuss the path of monetary policy.

Any possibility of a rate hike at the meeting's conclusion on Wednesday was already crushed under the weight of weak data early in the year. To be sure, the data support the transitory nature of the weakness, justifying Federal Reserve Chair Janet Yellen's optimism last month, but it remains too little, too late. Instead, turn to September as the next opportunity for the first rate hike of this cycle. 

To read the rest, please visit Bloomberg.

The Good and Bad Parts of Online Education

Posted: 16 Jun 2015 07:59 AM PDT

I have a new column:

The Good and Bad Parts of Online Education: Is online education the solution to widening inequality, rapidly rising costs, and lack of access to high quality courses? Will it lead to the demise of traditional "brick and mortar" institutions? I was initially very skeptical about the claims being made about online education, but after teaching several of these course during the past academic year my own assessment has become much more positive.
My main worry, as expressed in a previous column, was that the availability of online courses degrees would create a two-tiered education system and exaggerate inequality instead of reducing it. I still worry about that, but I didn't give online education enough credit for the things that it can do. Here are some of the positives and negatives of online versus traditional education gleaned from my experience teaching both types of courses. ...

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