Extended Open Market Operations for All Systemically Important Prices & Indices (SIPIs)

These papers develop means by which the Fed and other central banks worldwide can act to collar volatility in respect of all Systemically Important Prices and Indices, a category that Hockett developed during the 2008-11 financial crisis. In brief, these are prices that both (a) figure critically in the formation of other prices, while (b) easily falling prey to market-failure-rooted volatility. They accordingly include not only money rental (a.k.a. 'interest') rates, but also prevailing wage and salary rates, housing prices, fuel, food, and other essential commodity prices, and more.

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Columns, OpEds, Occasional Journalism

I'm no Marx or Keynes, but like them I do try to accompany most of my scholarly, policy advocacy, and legislative work with more accessible journalistic companion pieces. Here are some of my regular columns for Forbes, The Hill, FT, and Huffington Post, along with other occasional journalism.

The Green New Deal

The Green New Deal initiative begun in 2018 marked the beginning of a return to ambitious public-private coordination in the cause of rebuilding the American economy along more just, productive, and sustainable lines. Hockett worked with Rep. Ocasio-Cortez and her team from the start on the GND Resolution introduced to Congress in early 2019, then on the initiative's finance plan as well as much follow-up legislation found in the 'Legislation' Module of this site.

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