Clik here to view.
Bank of England governor Carney talking up NGDP targeting
The Washington Post has another example of the growing momentum behind nominal GDP targeting — the Bank of England! (…) But the idea may get a hearing over in Britain. Mark Carney, the new Bank of...
View ArticleClik here to view.
Dear Ben, Please surprise us with a policy regime that never again surprises us
Scott Sumner concludes a wry post on the EMH vs macroeconomics (e.g., “does the Fed have free will?”) with this: 1. The expected part of monetary policy has no impact on financial markets. It can...
View ArticleClik here to view.
The Most Important Ben Bernanke Speech That No One Heard
Robert Holmes: (…) But what the Fed chairman hinted at during the conference, overshadowed by the day’s earnings releases and gloomy news from Europe, bears more attention than it received, especially...
View ArticleClik here to view.
Cleveland Fed Estimates of Inflation Expectations
This is from the Cleveland Fed Inflation Expectations Estimator, updated through Dec 1, 2012. One of the primary goals of the Fed’s new rule-based QE3 is to reduce real interest rates by increasing...
View ArticleClik here to view.
Fed NGDP targeting would greatly increase global financial stability
Lars Christensen compares NGDPLT to ‘Adaptive’ policy - these excerpts will hopefully motivate you to read the complete Christensen essay: (…) Lets look at two different hypothetical US monetary...
View ArticleClik here to view.
Scott Sumner: interest rates and monetary policy (Mishkin forgotten, again)
Reacting to some confusion in the comments, Scott Sumner wrote Further comments on interest rates and monetary policy: People are still confused about my views on monetary policy and interest rates....
View ArticleClik here to view.
The bitcoin demand crisis?
As I write there are about 11 million bitcoins minted. There will be about 21 million bit coins when the increasingly power-hungry crypto algorithm stops minting fresh coins. Is it money? What is...
View ArticleClik here to view.
Felix Salmon on “The Bitcoin Bubble and the Future of Currency” a primer on...
Each time the value of a bitcoin hits a new high or a new milestone, there’s more press coverage of the phenomenon, drawing new people in, and sending the value of bitcoins even higher. Indeed, if you...
View ArticleClik here to view.
Scott Sumner: When bitcoin crashes . . .
Scott Sumner captioned his somewhat technical “no bubble” argument “When bitcoin crashes . . .” . . . .I predict people will say it was a bubble, even though it wasn’t. The term ‘bubble’ can mean many...
View ArticleClik here to view.
Tim Lee: Why bitcoin is a bubble
As I just posted, Felix Salmon says “bitcoin is a bubble…”. Tim Lee writes “Why bitcoin is a bubble“, guest-posted at Megan McArdle: My friend Tim Lee says that critics of Bitcoin need to do a better...
View ArticleBank of England governor Carney talking up NGDP targeting
The Washington Post has another example of the growing momentum behind nominal GDP targeting — the Bank of England! (…) But the idea may get a hearing over in Britain. Mark Carney, the new Bank of...
View ArticleDear Ben, Please surprise us with a policy regime that never again surprises us
Scott Sumner concludes a wry post on the EMH vs macroeconomics (e.g., “does the Fed have free will?”) with this: 1. The expected part of monetary policy has no impact on financial markets. It can...
View ArticleClik here to view.
The Most Important Ben Bernanke Speech That No One Heard
Robert Holmes: (…) But what the Fed chairman hinted at during the conference, overshadowed by the day’s earnings releases and gloomy news from Europe, bears more attention than it received, especially...
View ArticleClik here to view.
Cleveland Fed Estimates of Inflation Expectations
This is from the Cleveland Fed Inflation Expectations Estimator, updated through Dec 1, 2012. One of the primary goals of the Fed’s new rule-based QE3 is to reduce real interest rates by increasing...
View ArticleFed NGDP targeting would greatly increase global financial stability
Lars Christensen compares NGDPLT to ‘Adaptive’ policy – these excerpts will hopefully motivate you to read the complete Christensen essay: (…) Lets look at two different hypothetical US monetary...
View ArticleScott Sumner: interest rates and monetary policy (Mishkin forgotten, again)
Reacting to some confusion in the comments, Scott Sumner wrote Further comments on interest rates and monetary policy: People are still confused about my views on monetary policy and interest rates....
View ArticleClik here to view.
The bitcoin demand crisis?
As I write there are about 11 million bitcoins minted. There will be about 21 million bit coins when the increasingly power-hungry crypto algorithm stops minting fresh coins. Is it money? What is...
View ArticleClik here to view.
Felix Salmon on “The Bitcoin Bubble and the Future of Currency” a primer on...
Each time the value of a bitcoin hits a new high or a new milestone, there’s more press coverage of the phenomenon, drawing new people in, and sending the value of bitcoins even higher. Indeed, if you...
View ArticleScott Sumner: When bitcoin crashes . . .
Scott Sumner captioned his somewhat technical “no bubble” argument “When bitcoin crashes . . .” . . . .I predict people will say it was a bubble, even though it wasn’t. The term ‘bubble’ can mean many...
View ArticleTim Lee: Why bitcoin is a bubble
As I just posted, Felix Salmon says “bitcoin is a bubble…”. Tim Lee writes “Why bitcoin is a bubble“, guest-posted at Megan McArdle: My friend Tim Lee says that critics of Bitcoin need to do a better...
View Article
