ALL BLOG POSTS
Adam Posen who sits on the Bank of England's Monetary Policy Committee (MPC) has a comment in on New York Times' website.
David Levey has sent me a new paper by Princeton University economics professor Hyun Song Shin on "Global Banking Glut and Loan Risk Premium". I have unfortunately not had the time to read the paper yet, but it looks quite interesting and I would like to share it with my readers.
Simon Tilford and Philip Whyte have written an essay - "Why stricter rules threaten the eurozone" - on the euro crisis for the normally strongly pro-European Centre for European Reform. I far from agree with everything in the report, but it is worth a read.
On the first page of the Market Monetarist bible it says that we can observe whether monetary policy is getting tighter or looser by watching the markets. From a US perspective US monetary policy is getting tighter when the US dollar strengthens, stock prices drop, bond yields drop and commodity prices fall. Guess what folks - monetary policy is getting a lot tighter today!
The conservative Partido Popular won the general elections in Spain over the week and PP leader Mariano Rajoy will now become Prime Minister in Spain. That makes it three - that is the number of new Prime Ministers in Southern European countries in a couple of weeks.
John Taylor has a comment on NGDP targeting. Let's just say he is not a fan of NGDP targeting.
I have long had a interest in the Icelandic economy and my views on the Icelandic boom-bust are well know.
My good colleague Jens N. Pedersen has today successfully defended his master thesis at the Department on Economics at the University of Copenhagen.