ALL BLOG POSTS

Monetary policy works with short and not too variable leads

Monetary policy works with short and not too variable leads

US Stock markets plumments today. Here is why:

I don't care what some firefighting central bankers said in 2008

I don't care what some firefighting central bankers said in 2008

This week the full transcripts of the Fed’s monetary policy meetings for 2008 has been published. It has gotten quite a bit of attention. This is of course not surprising given what happened in 2008. However, I would argue that it is significantly less important what individual FOMC members and Fed officials said in 2008 than it is made up to be.

The 'currency war worriers' engage in historical revisionism

The 'currency war worriers' engage in historical revisionism

I know I have paid a lot of attention to the discussion about 'currency war' recently, but I think the  debate to a very large extent shows everything that is wrong about the general perception among commentators, financial journalists and policy makers. And worse - if the 'currency war worriers' are successful then that could derail the fragile global recovery. So you have to bare with me for one more post on this issue.

Russian heading for recessio

Russian heading for recessio

What the ’Export Price Norm’ is telling us about Russian growth and why it might be too optimistic right now

We are sometime between 1933 and 1936

We are sometime between 1933 and 1936

I believe the best way to understand the period of time we live in - both in terms of the economy and the markets - is to think of the world as it was between 1933 and 1936. This was the 'recovery phase' both for the global economy and for global financial markets - stock markets rallied and commodity prices were rising.

A framework for applied macroeconomic forecasting (part 2)

A framework for applied macroeconomic forecasting (part 2)

In my two earlier posts on "A framework for applied macroeconomic forecasting" I have first sketched a general four-equation model for forecasting purposes and then I spelled out how to think about the one of these equations - the supply side of the economy (the AS curve). In this post I will look closer at how to model the demand side of the economy - the is the finally three equations in the economy.

Monetary policy is not about C, I, G or NX, but about NGDP

Monetary policy is not about C, I, G or NX, but about NGDP

I am sitting in Gatwick airport waiting to fly home to Copenhagen. Reflecting on a day of meetings with investors in London I am happy that people are willing to listen to my stories of the current crisis and particularly the mess we are in Europe. However, I also realize that I think the biggest hindrance for understanding the Market Monetarist message is that the starting point for most people - investors as well as policy makers - is Y=C+I+G+NX.

A better way to fight deflation - Haruhiko Kuroda should give Bob Hetzel a call

A better way to fight deflation - Haruhiko Kuroda should give Bob Hetzel a call

Haruhiko Kuroda has been nominated new governor of Bank of Japan. His job description is simple - take Japan out of 15 years of deflation and hit the BoJ's new 2% inflation target.

Of course there is no liquidity trap - the case of the Czech Republic

Of course there is no liquidity trap - the case of the Czech Republic

For the past five years we have again and again heard the same story: "If interest rates are at zero then monetary policy can't be eased any more. We are out of ammunition."

The Goolgenomics of the 'Cyprus crisis'

The Goolgenomics of the 'Cyprus crisis'

It is all over the media and everybody are talking are talking about it - the crisis in Cyprus.

Items 1171 to 1180 of 1202 total

Show per page