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Michael Kumhof

Michael Kumhof (born 15 October 1962) is a German researcher and economist. He is the senior research advisor in the Bank of England's research hub.[1] He is most known for his research into the financial system, income inequalities and the oil supply.

Michael Kumhof, 2023

In his previous work at the IMF, he was responsible for developing the International Monetary Fund's Global Integrated Monetary and Fiscal Model (a Dynamic stochastic general equilibrium model). The model is used for IMF policy and scenario analyses in multilateral and bilateral surveillance, for the World Economic Outlook, and for G20 work. It is also used by several central banks.[2]

As a researcher, one of Kumhof's most noticed publications is probably the IMF working paper The Chicago Plan Revisited, in which he and co-author Jaromir Benes use modern tools to analyse the Chicago plan, a collection of banking reforms suggested by University of Chicago economists in the wake of the Great Depression. It has been called IMF's epic plan to conjure away debt and dethrone bankers.[3]

Other noticeable publications are: the IMF working paper "Inequality, Leverage and Crises: The Case of Endogenous Default", in which the authors Kumhof et al. studies how crises can arise as a result of increasing income inequalities;

And the IMF working paper "The Future of Oil: Geology versus Technology", in which the authors presents a new model for forecasting oil prices and oil output, based on both the geological and technological view, and it performs far better than existing empirical models, one of the more important conclusions is that they predict a near doubling of oil prices in the next decade. Ignoring the peak oil issue would be "highly unscientific, even irresponsible", says Michael Kumhof.[4]

In February 2016 Kumhof was added to the editorial board of Ledger, the first peer-reviewed academic journal dedicated to cryptocurrency and blockchain technology research.[5] The journal covers aspects of mathematics, computer science, engineering, law, economics and philosophy that relates to cryptocurrencies such as bitcoin.[6][7]

Major publications Edit

  • The Chicago Plan Revisited (pdf), 2012, IMF Working Paper No 12/202.
  • Inequality, Leverage and Crises: The Case of Endogenous Default (pdf), 2013, IMF Working Paper No 13/249.
  • The Future of Oil: Geology versus Technology (pdf), 2012, IMF Working Paper No 12/109.
  • Oil and the world economy: some possible futures (pdf), 2 December 2013, Phil. Trans. R. Soc. A 2014 372, 20120327.

References Edit

  1. ^ "News Release - Senior Research Advisor - Michael Kumhof".
  2. ^ "Michael Kumhof – Vitae". Retrieved 12 January 2014.
  3. ^ Evans-Pritchard, Ambrose (21 October 2012). "IMF's epic plan to conjure away debt and dethrone bankers". The Telegraph. Retrieved 11 January 2014.
  4. ^ Auzanneau, Matthieu (5 December 2012). "Peak Oil Warning From an IMF Expert: Interview with Michael Kumhof". Le Monde. Retrieved 11 January 2014.
  5. ^ . ledger.pitt.edu. Ledger. Archived from the original on 10 January 2017.
  6. ^ "Ledger". WorldCat. OCLC 910895894.
  7. ^ Extance, Andy (2015). "The future of cryptocurrencies: Bitcoin and beyond". Nature. 526 (7571): 21–23. Bibcode:2015Natur.526...21E. doi:10.1038/526021a. ISSN 0028-0836. OCLC 421716612. PMID 26432223.

External links Edit

    michael, kumhof, born, october, 1962, german, researcher, economist, senior, research, advisor, bank, england, research, most, known, research, into, financial, system, income, inequalities, supply, 2023in, previous, work, responsible, developing, internationa. Michael Kumhof born 15 October 1962 is a German researcher and economist He is the senior research advisor in the Bank of England s research hub 1 He is most known for his research into the financial system income inequalities and the oil supply Michael Kumhof 2023In his previous work at the IMF he was responsible for developing the International Monetary Fund s Global Integrated Monetary and Fiscal Model a Dynamic stochastic general equilibrium model The model is used for IMF policy and scenario analyses in multilateral and bilateral surveillance for the World Economic Outlook and for G20 work It is also used by several central banks 2 As a researcher one of Kumhof s most noticed publications is probably the IMF working paper The Chicago Plan Revisited in which he and co author Jaromir Benes use modern tools to analyse the Chicago plan a collection of banking reforms suggested by University of Chicago economists in the wake of the Great Depression It has been called IMF s epic plan to conjure away debt and dethrone bankers 3 Other noticeable publications are the IMF working paper Inequality Leverage and Crises The Case of Endogenous Default in which the authors Kumhof et al studies how crises can arise as a result of increasing income inequalities And the IMF working paper The Future of Oil Geology versus Technology in which the authors presents a new model for forecasting oil prices and oil output based on both the geological and technological view and it performs far better than existing empirical models one of the more important conclusions is that they predict a near doubling of oil prices in the next decade Ignoring the peak oil issue would be highly unscientific even irresponsible says Michael Kumhof 4 In February 2016 Kumhof was added to the editorial board of Ledger the first peer reviewed academic journal dedicated to cryptocurrency and blockchain technology research 5 The journal covers aspects of mathematics computer science engineering law economics and philosophy that relates to cryptocurrencies such as bitcoin 6 7 Major publications EditThe Chicago Plan Revisited pdf 2012 IMF Working Paper No 12 202 Inequality Leverage and Crises The Case of Endogenous Default pdf 2013 IMF Working Paper No 13 249 The Future of Oil Geology versus Technology pdf 2012 IMF Working Paper No 12 109 Oil and the world economy some possible futures pdf 2 December 2013 Phil Trans R Soc A 2014 372 20120327 References Edit News Release Senior Research Advisor Michael Kumhof Michael Kumhof Vitae Retrieved 12 January 2014 Evans Pritchard Ambrose 21 October 2012 IMF s epic plan to conjure away debt and dethrone bankers The Telegraph Retrieved 11 January 2014 Auzanneau Matthieu 5 December 2012 Peak Oil Warning From an IMF Expert Interview with Michael Kumhof Le Monde Retrieved 11 January 2014 Editorial Team ledger pitt edu Ledger Archived from the original on 10 January 2017 Ledger WorldCat OCLC 910895894 Extance Andy 2015 The future of cryptocurrencies Bitcoin and beyond Nature 526 7571 21 23 Bibcode 2015Natur 526 21E doi 10 1038 526021a ISSN 0028 0836 OCLC 421716612 PMID 26432223 External links EditMichael Kumhof s presentation at the Institute for New Economic Thinking Retrieved from https en wikipedia org w index php title Michael Kumhof amp oldid 1163484201, wikipedia, wiki, book, books, library,

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