"I probably wouldn't do much," said Warren Buffett. That's what the oracle of Omaha said when he was asked about how he'd handle US monetary policy. The question came fro CNBC's Becky Quick at the JD Power Automotive Forum. Since the...Show More Summary
Today's Must-Must-Read: Paul Krugman: The Missing Deflation and the Argument for a Higher Inflation Target Laurence Ball: Monetary Policy for a High-Pressure Economy Robert Moses: Response to Robert Caro's The Power Broker David G. Show More Summary
So Prof. Tim Besley of the London School of Economics, former All Souls Prize Fellow, ex-member of the Bank of England’s Monetary Policy Committee, the UK’s third most respected economist, and all-round impressive smart guy, has a new paper with Marta Reynal-Querol at the Universtat Pompeu Fabra in Barcelona. I mention these credentials to emphasise […]
The economist bloggers should all rejoice the fact that Ben Bernanke has joined us. His first post is excellent and I will present a key quote shortly. But let me express my main frustration with how some people are using the TaylorShow More Summary
Nikkei boosted by bargain hunting, monetary policy easing signals from Beijing.
Up until now, the world's descent into the NIRPy twilight of fiat currency was a function of failing monetary policy around the globe as central bank after desperate central bank implemented negative and even more negative (in the case...Show More Summary
Janet Yellen: [FRB: Speech--Yellen, Normalizing Monetary Policy: Prospects and Perspectives--March 27, 2015](http://www.federalreserve.gov/newsevents/speech/yellen20150327a.htm): >I would like to thank President Williams for his kind...Show More Summary
On the lighter side, in the March 28, 2015 Dilbert, Wally becomes the new chief economist.Wally: "The exchange rate on derivatives will trigger a bubble in monetary policy and deflate the Yen."I like the phrase "bubble in monetary policy". Show More Summary
The return to normalcy in monetary policy will be prolonged, the Fed chairwoman said, because the American economy remains fragile.
In a few minutes, Janet Yellen will address a lunch session in her native SF Fed (the same place which earlier this week finally figured out what debt is) during a conference whose topic is The New Normal for Monetary Policy (the typo from "Paranormal" is easy to make). Show More Summary
From Fed Chair Janet Yellen: Normalizing Monetary Policy: Prospects and Perspectives. Excerpts: Why Might an Increase in the Federal Funds Rate Be Warranted Later This Year?The Committee's decision about when to begin reducing accommodation will depend importantly on how economic conditions actually evolve over time. Show More Summary
As the stock market prepares to close later today, Yellen will deliver a speech on the new normal for monetary policy at a conference hosted by the San Francisco Federal Reserve, of which she was previously the President.
Monetary policy deputy says falls driven by oil prices, CPI on track to rise 'quite steeply' in early 2016.
A key Federal Open Markets Committee voter outlines a credible case for an aggressive US monetary policy stance.
The expansionary monetary policies of the ECB and the Bank of Japan will make it more difficult for the Federal Reserve to achieve policy normalisation.
Fed policymaker says now 'may be a good time' to begin normalising monetary policy.
In one important respect, what we call "New Keynesian" macroeconomic models are in fact New Gesellian macroeconomic models. That's only in one respect, but it is important. Silvio Gesell proposed a tax on currency. The higher the tax rate, the...
Fed policy maker says now 'may be a good time' to begin normalising monetary policy, current low inflation levels likely temporary.
``It's now been almost two years since Bernanke's talk of winding down QE and commencing a normalization of monetary policy. The Fed's current focus should not be the dollar, CPI or even the employment rate. The primary consideration after six years of zero rates and $3.6 TN of monetization should be Financial Stability. Show More Summary