Econ Comments
WSJ | An Exit Strategy From the Euro
The euro can be phased out the same way Europe's individual currencies were. The bonds of troubled member states would benefit as a result.
Market Watch | QE not likely now, given data: Fed’s Bullard
More bond purchases, otherwise known as quantitative easing, are not likely at least in the short term because the economy seems on more solid ground, St. Louis Federal Reserve Bank President James Bullard said Saturday.
WSJ | Investing in a 'Fat Tail' World
By pushing interest rates to very low levels, central banks are pushing investors out the risk spectrum.
Market Watch | Key Fed official keeps up housing push
The Federal Reserve on Friday kept up its push for increased steps to lift the struggling housing market, as a key Fed president called for more mortgage refinancing as well as principal reductions for hard-hit borrowers.
WSJ | A Quiet Fed Voice Emerges as Force Inside the Temple
The world's most powerful central bank will begin publishing internal forecasts of its plans for interest rates over several years, an effort to make its intentions and strategies clearer to the public.
Blogs
Econlog | Devaluation and the Real Exchange Rate
It seems to me that if the rational-expectations theory held, then Greece would not be in its current pickle. Wages and prices there would have fallen in order to make its tradable sectors more competitive.
Reason Foundation | Fed to Adopt Inflation Targeting, a Few Thoughts
The Federal Reserve is very close to adopting an inflation targeting model to carry-out monetary policy. This will be a significant divergence from the past four years of gut-reaction, ad-hoc policy making, and more or less should be welcoming.
Free Banking | A free banking gold standard versus other gold standards
A free banking gold standard differs in important respects from other varieties of the gold standard. Here are key questions about the details of a gold standard, and the answers as they apply to its free banking form.
