Category Archives: Uncategorized

A short post substantiating my tweet yesterday asserting this, which was picked up by the Guardian, but, all on its own, to those not swimming in this stuff, might look rather odd. We could think of an ECB purchase of … Continue reading →

Draghi’s press conference today left many questions hanging in my mind. Here are a bunch of disjointed responses, recapping on tweets earlier today. Why didn’t he mention an amount in announcing the start of purchases of private sector assets? Is … Continue reading →

Martin Wolf’s call to arms is a stirring read, and I agree with much of its conclusions on the need for simple and very much tighter regulations on bank leverage.  However, I don’t agree with how they are reached.  Somewhat … Continue reading →

Paul Krugman and Simon Wren-Lewis characterise the Eurozone crisis as partly or wholly caused by German intransigence, the outcome of which is monetary and fiscal policy that is too tight, forcing an unnecessarily harsh fiscal and competitiveness adjustment on the … Continue reading →

This post recaps on today’s tweetstorm about core inflation, which follows Paul Krugman’s blog on the topic.  It’s late on Friday, productivity levels are falling, and I can defend not doing my bit for my co-authors on my revise and … Continue reading →

Tim Harford’s FT article responds to the recent ebook on secular stagnation – the tendency for weak demand to depress equilibrium real interest rates – circulated by VoxEU.  He deduces that raising the inflation target would help combat or avoid … Continue reading →

John Cochrane recently responded on his blog to the news that Congress were going to debate that the Fed be required by legislation to choose a monetary policy rule, and stick to it, justifying when and why it departs from … Continue reading →

Mark Carney (Governor of the BoE) and Andrew Bailey (Head of the Prudential Regulatory Authority within the BoE) were sharply critical of recent warnings by the BIS that central banks were fueling another crisis by keeping rates too low.   Carney … Continue reading →

A document listing the desired attributes of a future leader of a Ministerial Department has caused a storm in the UK.  One of its recommendations is that a candidate be able to “balance ministers’ or high-level stakeholders’ immediate needs or … Continue reading →

Market monetarism seems to be trending in the twittersphere and the blogosphere.  Before I ventured into these noisy arenas, I’d never heard of it.  After reading some of the outputs, I find myself struggling to understand it.  What the hell … Continue reading →