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- Reinhart and Rogoff’s coding mistake: Much Ado About Nothing
- Happy 2013
- Nobel awarded to Roth and Shapley: Personal nostalgia
- The ECB in Slovenia: Transparency about what?
- QE3 and the FED: State-contingency and commitment emphasized
- From SMP to OMT: ECB commits to destroy monetary transmission
- White Paper, Great Economists and (really) Bad Science
- May in August at the ECB
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(Needless to say, I do not necessarily agree with them or endorse them.)
Tag Archives: Quantitative easing
QE3 and the FED: State-contingency and commitment emphasized
Today the Board of Governors of the Federal Reserve System published its decision to start a new round of quantitative easing and a revised announcement concerning the Federal Funds rate. Both legs of this decision have some interesting new aspects … Continue reading
Come on Baby, Let’s Do the Twist!
After yesterday’s press release by the Fed, many commentators started talking about “Operation Twist” even though no such thing is mentioned in the release. Accompanying the press release on the Federal Reserve site, was, however, a document containing the term … Continue reading
John Cochrane on QE2
I have previously mentioned John Cochrane on this blog as a good example of an economist who insists on using sound academic arguments in even the most heated debates. That this does not imply death by boredom, he shows in … Continue reading
Posted in Economists
Tagged Ben Bernanke, Federal Reserve, John Cochrane, Quantitative easing
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ECB, SMP, ETC. Who pays for what?
After the financial crisis hit in 2008, new acronyms have been appearing at a rapid pace around the globe. These mainly describe the various measures taken by the world’s central banks to offset the troubles caused by the crisis. Many … Continue reading
The Inflation Fallacy and central banking debates in the US
Among my favorite contemporary academic economists is N. Gregory Mankiw. I have always found his academic writings very lucid and to the point. I was once again reminded of this today, when I stumbled over some debates about abolishing the … Continue reading
Posted in Economists, Macroeconomics
Tagged central banks, Economic schools, inflation, Milton Friedman, money, N. Gregory Mankiw, Paul Krugman, Quantitative easing, Ron Paul
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Dead economists can’t analyze the present
Of course they can’t. Yet, many pick up some dead economist and speculate what he or she would have thought about some current economic incident or policy. For example, even though a whole industry is still devoted to try figuring … Continue reading
