Search Results for: john taylor

John Taylor and Alan Blinder have been exchanging op-eds in the US press on a bill before Congress now that, if passed, will force the Fed to ‘describe’ its preferred rule for monetary policy. I posted before here on why … Continue reading →

One memory of my final years at the Bank of England is that every two or three months we were commissioned new pieces of work on QE exit strategies, each time prompting ‘here we go again’ thoughts as the staff … Continue reading →

This post is all speculation and stereotype, but I think worthwhile passing on as it’s the sort of thing often talked about on the academic conference circuit.  It recaps on a bunch of tweets sent Thursday 18. The starting point … Continue reading →

No. But, as John Taylor alerted us in his blog, a new bill has been introduced that would have this effect, if passed.  I presume that this is one of those bills that no-one expects to pass, but is put … Continue reading →

The Economist carried a nice piece on Bitcoin that many may already have read.  They conclude that the explosion in the price of Bitcoins (recently breaking the $1000 barrier) looks bubbly.  I agree. Most people with things to sell don’t … Continue reading →

Noah Smith and Ryan Avent got his debate going again, a conversation whose last incarnation was an exchange between Steve Williamson and Paul Krugman, essentially, sparked by Steve asserting that inflation was too low because Fed rates were too low.  … Continue reading →