Monthly Archives: November 2012

It can get you into all sorts of trouble, including becoming inconsistent. That has just happened with Chicago Fed Charles Evans. According to Ryan Avent: THOSE of us who have spent much of the past few years complaining that Federal … Continue reading →

In his Wapo column Robert Samuelson tackles “Why the recovery is feeble”: Federal Reserve Chairman Ben Bernanke last week became the latest economist to ask why the current economic recovery has been so weak. The question has inspired a cottage industry of … Continue reading →

In this post he concludes: So if you expect the US and UK economies to be depressed for a long time, with the central bank keeping rates low, long rates will be low too — end of story. But won’t … Continue reading →

Rogoff & Reinhart insist with their argument that the economy is performing as best as is possible following a financial crisis. This is the last question and answer from the interview: What are some of the key lessons from the … Continue reading →

Nine months ago, when there was a lot of excitement about the Dow touching 13000 points for the first time since the crisis began, I posted “What´s so special about 13000”? I ended the post writing: So 13000 is just … Continue reading →

In the pursuit of the “impossible dream”: Fed officials are mulling over changes to how they communicate to the public where they expect interest rates to be in the future. Federal Reserve Vice Chairman Janet Yellen said last week she supported an approach backed … Continue reading →

There has been enough procrastination at the Fed. It has acted like those old British “gentlemen´s club” where everyone is so well-mannered that nothing really happens, and boredom prevails. Ryan Avent has two posts. On the first he quotes Tim … Continue reading →

Recently, Nick Rowe put up a post to discuss “forward guidance” by the Bank of Canada. But in an inflation targeting regime, forward guidance doesn´t really have traction. According to Nick: 5. But there’s something wrong with thinking that the … Continue reading →

Mankiw, who had a chance at the Fed if Romney had won, is pretty explicit, appealing to Sartre´s existentialist play No Exit (Huis Clos) With the President reelected and the House and Senate largely unchanged in composition, the first thought … Continue reading →

Fallacies are only fallacies because they are durable… The auto industry could see a boost from consumers who delayed purchases or need to replace vehicles once life returns to normal for those affected by Hurricane Sandy, according to a recent … Continue reading →