ALL BLOG POSTS

The Trump-Yellen policy mix is the perfect excuse for Trump's protectionism

The Trump-Yellen policy mix is the perfect excuse for Trump's protectionism

It is hard to find any good economic arguments for protectionism. Economists have known this at least since Adam Smith wrote the Wealth of Nations in 1776. That, however, has not stopped president-elect Donald Trump putting forward his protectionist agenda.

"Make America Keynesian Again" part 2

"Make America Keynesian Again" part 2

In yesterday's blog post I wrote about why I believe it is the combination of Donald Trump's fiscal stimulus plans (infrastructure investments and tax cuts) combined with the Federal Reserve's willingness not to (fully) offset this, which has pushed inflation expectations in the bond markets up very significantly since Tuesday.

"Make America Keynesian Again"

"Make America Keynesian Again"

Today I was asked to do an interview with a Danish radio station about Donald Trump and about whether one could say anything positive about him or rather about his economic agenda. I declined to do the interview. I frankly speaking has nothing positive to say about Trump.

Belongia and Ireland on the Fed's Romanace with the Phillips curve

Belongia and Ireland on the Fed's Romanace with the Phillips curve

There is no doubt that I believe that the Federal Reserve under the leadership of Fed Chair Janet Yellen has kept monetary conditions too tight and I have particularly blamed Yellen's 1970s style obsession with the Phillips curve for this.

Egypt floats the pound - now it is time to implement a rule-based monetary policy framework

Egypt floats the pound - now it is time to implement a rule-based monetary policy framework

This morning we got some very good news out of Egypt as this statement was released by the Egyptian central bank:

Swedish monetary conditions are becoming too easy

Swedish monetary conditions are becoming too easy

Believe it or not - there is a country in the world where I now believe that monetary policy is becoming (moderately) too easy. Yes, that is correct - I will not always say that monetary policy is too tight. The country I talk about is Sweden. More on that below.

It's time to rediscover ECB's reference value for M3 growth

It's time to rediscover ECB's reference value for M3 growth

A couple of days ago I read an interview with ECB's former chief economist Otmar Issing about the euro crisis. I frankly speaking didn't find the interview particularly interesting and Issing brings little new to the discussion.

Re-visiting: "Towards a new monetary regime for Iceland"
In a deflationary world at the ZLB we need 'competitive devaluations'

In a deflationary world at the ZLB we need 'competitive devaluations'

Sunday we got some bad news, which many wrongly will see as good news - this is from Reuters:

Can Stephen Moore justify Donald Trump's economic policies?

Can Stephen Moore justify Donald Trump's economic policies?

Today Donald Trump unveiled his team of economic advisers. Interestingly enough there are very few economists among the economic advisors and only one who can be said to have any free market credentials - the Heritage Foundation's chief economist Stephen Moore.

Items 121 to 130 of 1204 total

Show per page