ALL BLOG POSTS

Rwanda - The greatest reform story in the world?
East African Monetary Union remains a very bad idea (I have a better idea)
You have to be upbeat about the Iranian economy - president Rouhani is a monetarist!
There is nothing "unconventional" about money base control

There is nothing "unconventional" about money base control

Central bankers around the world talk about monetary policy as being “unconventional” when they undertake “quantitative easing” to expand the money base. This term frustrates me a great deal as there is nothing unconventional about the fact that the central bank is changing the money base.

"Whatever it takes to get deflation" (Stealing two graphs from Marcus Nunes)

"Whatever it takes to get deflation" (Stealing two graphs from Marcus Nunes)

Marcus Nunes has two extremely illustratative graphs in his latest blog post. Just take a look here:

Good and bad deflation - and horribly low euro zone M3 growth

Good and bad deflation - and horribly low euro zone M3 growth

I had an up-ed in today's edition of the Danish Business daily Børsen. Here is the English translation:

A scary story: The Zero Lower Bound and exchange rate dynamics

A scary story: The Zero Lower Bound and exchange rate dynamics

I was in Sweden last week and again yesterday (today I am in Norway). My trips to Sweden have once again reminded me about the dangers of conducting monetary policy with interest rates at the Zero Lower Bound (ZLB). The Swedish central bank - Riksbanken - has cut is key policy rate to 1% and is like to cut it further to 0.75% before the end of the year so we are inching closer and closer to zero.

The Crowd: "Lars, you are fat!"

The Crowd: "Lars, you are fat!"

On Friday I was doing a presentation on the global economy (yes, yes mainly on global monetary policy) for 40-50 colleagues who are working as investment advisors in the Danske Bank group.

Deflation - not hyperinflation - brought Hitler to power
Venezuela's monetary craziness

Venezuela's monetary craziness

Yesterday I wrote a post about how we are inching closer and closer to outright deflation in Europe. However, for other countries the risk of deflation is not the issue. In Argentina and Venezuela outright hyperinflation is becoming more and more likely.

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