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Recent Posts
- 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: United States
US Output Gap: Still negative
John Taylor recently showed how the United States is currently much farther away from returning to “potential output” compared with the recession of the early 1980s, where above-average output growth during the recovery secured a return to the potential output … Continue reading
At the Fed: What did come next?
September 22 the Federal Reserve initiated “Operation Twist” where they announced that they would start restructuring its debt by buying up long bonds with the proceedings from short bond sales, with the aim of lowering the long-term yields. As I … Continue reading
