Evolving technologies that allow economists to gather new types of data and to manipulate millions of data points are just one factor among several that are likely to transform the field in coming years.

In a slow-growing world that is short on aggregate demand, Germany's trade surplus is a problem.

The Fed's independence is critical.

In the past, Federal Reserve chairmen have not generally gone directly to the public.

If you give people peanuts, you get monkeys. So if you want good people that are highly qualified, make the amount of money available for them to go out and do the job.

The younger me was motivated by a need to please others, by the pressure to climb the corporate ladder and make money, and by a fear of failure - all of which became more and more intense as I navigated the competitive landscape.

Nothing can really prepare you for when you get in the Formula One car. Knowing that you're driving a multimillion-dollar car, and if you crash it it's going to cost a lot of money, and they might not give you another chance, is scary.

If you have sold the film rights to somebody, take your money and leave. If the producers need you, they will call you. But you have to be careful about who you are selling your book to, and ensure that it is not tampered with.