The New Industrial Policy

2018-04-03T14:57:47+00:00

Dr. Tiemann takes a look at three specific instances of actions relating to U.S. industry which suggest that Trump is making a dramatic shift in both the style and substance of national industrial policy and answers the question of what these say about the type of Industrial Policy we can expect to see out of the Trump Administration. (Click the image to read Dr. Tiemann’s viewpoint on this topic.)

Click on image to download PDF

Is Bond Market Liquidity Really Falling?

2018-04-04T12:53:43+00:00

In this note, Dr. Tiemann analyzes the assertion that Dodd-Frank financial reform legislation, passed in the aftermath of the financial crisis, has contributed to a decline in the liquidity in the bond market.  Dodd-Frank set out to moderate the risks that banks might take with their balance sheets but Wall Street has tried to argue that the law’s restrictions impair the profitability of bond dealing, resulting in declining liquidity of the bond market and therefore could cause a market disruption.  Dr. Tiemann utilizes the underlying data of bond trading before and after to evaluate Wall Street’s assertion and used the show boxplot to show how bond trading liquidity has increased since Dodd-Frank was implemented.

Image Icon for PDF download

In Defense of Baseball

2018-03-22T09:21:25+00:00

Dr. Tiemann pens his thoughts regarding the designated hitter rule and the schizm created in baseball by the differing application of this rule by the National and American Leagues, following the face-off between Madison Bumgarner of the Giants and Clayton Kershaw of the Dodgers.

Pitch Perfect

2014-11-23T11:01:00+00:00

Dr. Tiemann's love of baseball comes through in this homage to the sport, which describes the game's "infinite variety and continuity with the past, both historic and mythic."  A lifetime of learning, playing, coaching and being a baseball fan has embued Dr. T with a level of appreciation for the myriad transcendent aspects of the sport which he shares with readers to enable them to understand the game of baseball far beyond that which is merely visible on the field.

Competition

2018-04-04T13:14:06+00:00

Dr. Tiemann’s note on market competition. He writes: “It’s an attempt to dig a little deeper than the stylized models we study in economics courses, and think a bit about how competition operates in the real economy.”

Click here to download PDF

The Wall Street Vortex

2008-10-07T23:21:17+00:00

Review of the more than run-of-the-mill market corrections and diagnoses of actions by the government to stem the failures by such entities as Fannie Mae and Freddie Mac, while permitting the collapse of Lehman and Bear Stearns. Implications of the political uncertainty in light of the upcoming presidential elections and market reactions.