Paul Krugman: Ben Bernanke has a longish post about fiscal policy in the Caligula Trump era. It’s not the most entertaining read; perhaps because of the political fraughtness of the moment, Bernanke has reverted a bit to Fedspeak. But there’s...
Yesterday Ben Bernanke offered a thoughtful discussion of fiscal policy that opens with: Markets have responded strongly to Donald Trump’s election victory, pushing up equities, longer-term interest rates, and the dollar. While manyShow More Summary
Ben Bernanke: The Fed and fiscal policy: Markets have responded strongly to Donald Trump’s election victory, pushing up equities, longer-term interest rates, and the dollar. While many factors influence asset prices, expectations of a much more expansionary fiscal policy under...
The Mooch is going out strong.
Submitted by David Gordon via The Mises Institute, Mervyn King is the British Ben Bernanke. An eminent academic economist, who now teaches both at New York University and the London School of Economics, King was from 2003 to 2013 Governor of the Bank of England. Show More Summary
Yesterday I talked about how an OPEC cut in oil production would/should accelerate the Fed's plan for interest rate hikes next year. Interestingly, the former Fed Chair himself, Ben Bernanke, wrote a post today on the Internet talking about the Fed's rate path and its quarterly projections (which we looked at [...]
Almost exactly ten years after the last housing bubble burst, unleashing a dramatic crash in US real estate prices - something Ben Bernanke had said in the mid-2000's would be unprecedented - today Case Shiller reported that as of September, its Index covering all nine U.S. Show More Summary
We are in our century’s equivalent of the 1930s, the years that saw the rise of populism and nationalism, and the destabilization of Europe. In the wake of the 2008 financial crisis that has been described by Ben Bernanke as worse than the Great Depression of 1929, a wave of populism is again sweeping through Europe, the Middle East and America. Show More Summary
Ben Bernanke thinks Sebastian Mallaby’s biography of Alan Greenspan The Man Who Knew: The Life and Times of Alan Greenspan is “highly...
(November 4, 2016 09:38 AM, by Scott Sumner) Ben Bernanke is a mild mannered and modest individual. Anyone who has read his memoir will not confuse him with Donald Trump. During the Great Recession, Bernanke suggested that it would be helpful if fiscal authorities would help to boost... (3 COMMENTS)
Ben Bernanke famously quipped that monetary policy works in practice, but not in theory. This column bridges the gap between practice and theory in assessing how central banks can influence both of them by intervening in asset markets. Show More Summary
‘The problem with Quantitative Easing is that it works in practice but it doesn’t work in theory’, dixit Ben Bernanke, previous chairman of the Federal Reserve. And he isn’t wrong because these special ‘tricks’ generally don't have the desired effect without creating negative consequences. Show More Summary
Three years ago, a very unhappy Larry Summers conceded that he would not become Fed Chair when he withdrew from the running to become Ben Bernanke's replacement on September 15, 2013, following some dramatic pressure by the press and numerous liberal economists. Show More Summary
Well, that was something. Our palette cleansing morning train reads: • Ben Bernanke: Are Americans better off than they were a decade or two ago? (Brookings) • Economic Anxiety and the Limits of Data Journalism (Baseline Scenario) see...Show More Summary
Ben Bernanke and Peter Olson: Are Americans better off than they were a decade or two ago?: Economically speaking, are we better off than we were ten years ago? Twenty years ago? When asked such questions, Americans seem undecided, almost...
Ben Bernanke first set an official inflation target in January 2012, aiming at 2%. Since then the Fed has claimed that it would begin to normalize interest rates when the target was reached and unemployment fell below 5%. The latterShow More Summary
Submitted by Jeffrey Snider via Alhambra Investment Partners, Though I highly doubt he will admit it, he’s just not the type, even Ben Bernanke knows on some level that bond market is decidedly against him, or at least his legacy. Economists have a funny way of looking at bonds, decomposing interest rates into Fisherian strata. Show More Summary
Under former chairman Ben Bernanke and current chairwoman Janet Yellen, the Fed has attracted controversy by pegging the short-term interest rate it controls to nearly zero for seven years. After one increase in December, it is still...Show More Summary
Former Federal Reserve Chair Ben Bernanke (L), and former Chair Paul Volcker look on during a panel discussion at the International House in New York on April 7, 2016. / AFP / POOL / Andrew Renneisen (Photo credit should read ANDREW RENNEISEN/AFP/Getty Images) Let’s look at the Fed’s (and other central [...]
(September 26, 2016 10:45 AM, by Scott Sumner) Here's Ben Bernanke on the recent moves by the Bank of Japan: The most surprising, and interesting, part of the announcement was the decision to target the ten-year JGB yield. As I noted in a previous piece on targeting longer-term... (0 COMMENTS)