Trump's firing of James Comey has been compared to Nixon's Saturday Night Massacre. Here's the difference: Nixon new he had committed a crime and was desperately trying to cover it up. Trump does...
http://gecon.blogspot.com/2017/05/the-tuesday-night-massacre.html
Yesterday (July 27), the Federal Open Market Committee met and decided to maintain the target for the federal funds rate at 1/4 to 1/2 percent. Here are some thoughts to help make sense of the Fe...
http://gecon.blogspot.com/2016/07/how-to-think-about-feds-monetary-policy.html
Health reform (John Boehner ) Same-sex marriage (David Vitter ) The homosexual lifestyle (Dave Agema ) Soccer (“Mike ") Amnesty (Ted Cruz ) Trans-Pacific Trade Partnership (Alex Jon...
http://gecon.blogspot.com/2015/12/things-liberals-shove-down-our-throats.html
There were a lot of questions about monetary policy in Tuesday's Republican debate. None of the candidates seemed to be happy with the Federal Reserve's efforts to stimulate growth. Several expli...
http://gecon.blogspot.com/2015/11/monetary-policy-in-republican-debate.html
I've been discussing the new institutional features of the federal funds market in my classes for a couple of years now. Here's an article in the Journal of Economic Perspectives that covers thi...
http://gecon.blogspot.com/2015/11/two-interesting-articles-on-feds.html
In December 2008 the Federal Reserve reduced its target for the federal funds rate, its main policy tool, to a range of zero to 0.25 percent. In doing so, says the conventional analysis, the Fed ...
http://gecon.blogspot.com/2015/11/views-on-negative-interest-rates.html
The press release following the Federal Open Market Committee meeting on Wednesday is considerably more hawkish than September's statement, strongly suggesting that the Fed will begin raising int...
http://gecon.blogspot.com/2015/10/my-thats-hawkish-statement.html
There are two interesting pieces in the Financial Times, behind a paywall unfortunately so I'll summarize them. Sam Fleming, "Big tent proves too small for US Federal Reserve" : There's a divide...
http://gecon.blogspot.com/2015/10/today-in-economic-news-and-analysis.html
How much does dollar appreciation affect GDP growth? A study by the New York Federal Reserve concludes: "Our analysis shows that a 10 percent appreciation in one quarter shaves 0.5 percentag...
The New York Times reports that the IMF has been raising warning flags for the last year that emerging market economies are vulnerable. In other news, a new study by JP Morgan Chase finds tha...
http://gecon.blogspot.com/2015/10/is-there-bubble-in-emerging-markets.html
Bloomberg has the complete economic calendar for this week. Here are some of the most important ones: Personal income and outlays Consumer confidence ADP employment report Chicago PMI ...
http://gecon.blogspot.com/2015/09/economic-releases-this-week.html
That's the headline for this article from the Financial Times (sorry, it's behind a paywall). The story is that big US banks, which have been hoarding funds in short-term securities in anticipat...
http://gecon.blogspot.com/2015/09/big-us-banks-lose-patience-with-fed.html
The article is here . Our Fed Challenge team made a proposal similar to this in 2014, tailored more specifically to the then current economic conditions. Specifically, we proposed that the Federa...
http://gecon.blogspot.com/2015/09/the-economist-calls-for-nominal-gdp.html
The Economist , Japan returns to deflation Bloomberg , The Fed should target CPI, not PCE New York Times , Yellen says Fed is likely to raise interest rates this year Bloomberg , Markets don't...
http://gecon.blogspot.com/2015/09/more-readings-september-25.html
Paul Krugman on Willem Buiter FRB Atlanta , a new measure of slack in the labor market Bauer and McCarthy at the FRB San Francisco : market-based forecasts of inflation do a poor job of predic...
http://gecon.blogspot.com/2015/09/worthwhile-readings-for-923.html
Tim Duy: Bottom Line: Fed policy increasingly reflects the view that the productivity growth slowdown is real. We see it in falling estimates of potential GDP growth, falling expectations for ...
http://gecon.blogspot.com/2015/09/productivity-growth-and-interest-rates.html
Planet Money , September 10 Also: China's Forex Reserves Fall by Record $93.9 Billion on Yuan Intervention Wei, Lingling and Trivedi, Anjani, Wall Street Journal (Online), September 7 Chin...
http://gecon.blogspot.com/2015/09/whats-happening-in-china.html
Tim Duy, Bloomberg, Why the Fed is Likely to Stand Pat This Week Jeff Lacker, FRB Richmond, The Case Against Further Delay Jan Hatzius, Goldman Sachs (video ) One might reasonably ask why...
http://gecon.blogspot.com/2015/09/more-views-on-possibility-of-rate-hike.html
From Paul Krugman : > Attacks on Keynesians in general, and on me in particular > , rely > heavily on an army of straw men — on knocking down claims about > what peo...
http://gecon.blogspot.com/2015/09/what-is-keynesian-economics.html
China Economic Watch
http://gecon.blogspot.com/2015/09/analysis-of-chinas-economy.html
Tim Mullaney, MarketWatch Larry Summers on CNBC Tyler Cowen , Marginal Revolution William Cohan , New York Times Andrew Levin , VOX Editorial , Los Angeles Times
http://gecon.blogspot.com/2015/09/should-fed-raise-rates-next-week-some.html
Wall Street Journal, 5 Things to Watch .
http://gecon.blogspot.com/2015/09/economic-reports-for-week-of-914-18.html
Robert Solow, "Economic History and Economics ," 1985 Kevin O'Rourke, "Why Economics Needs Economic History ," 2013 Carolina Journal, "Friday Interview: The Importance of Economic History ," ...
http://gecon.blogspot.com/2015/08/some-readings-on-role-of-economic.html
The other day while taking a stroll in the neighborhood I ran into a neighbor of mine - from somewhere in the south I think, judging from his dress and accent. I greeted him in the usual way: I s...
http://gecon.blogspot.com/2015/06/just-proud-of-my-heritage.html
I know you're hurting now. The last week has been a tough one for conservatives: there's a stampede to take Confederate flags down from public places, Obamacare survives its last serious legal ch...
http://gecon.blogspot.com/2015/06/dear-conservatives-relax-everything.html