Monthly Archives: January 2012

Fed “Fan Charts”

I recently wrote that USA had now entered the club of inflation targeting banks. This occurred when the Federal Reserve in April last year officially started mentioning an explicit inflation target, and also introduced press conferences after its policy meetings. … Continue reading

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Posted in Monetary policy | Tagged , , , , | Leave a comment

New-Keynesian explosions: The Cochrane interpretation and explosive solution

John Cochrane has some interesting comments on New Keynesian economics in his latest blog post on “New Keynesian Stimulus“. The interesting is not the part of the blog-literature to which it also contributes; the part about mudslinging in fiscal stimulus … Continue reading

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Posted in Economic Sciences, Economics, Economists, Macroeconomics, Monetary policy | Tagged , , , , , , , | 2 Comments

Aaa – aaa – PLUS! Gesundheit!

Rating agencies dominate the financial markets and the news these days. Standard & Poor’s recent downgrading of French, Spanish, Austrian (and other, but not German) government bonds from “AAA” to “AA+” caused waves in media and markets even before they … Continue reading

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Posted in Economics, Macroeconomics, movies | Tagged , , , | Leave a comment