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Wednesday, April 4, 2012

Monetary

News                                                                                                                             
Market Watch | Fed less interested in bond buys: minutes
There was less interest in another round of bond buys at the Federal Reserve’s policy meeting in March, according to the minutes released on Tuesday.
Bloomberg | ECB Keeps Rate at 1% as Economy Shrinks, Price Risks Grow
The European Central Bank left interest rates unchanged as policy makers balance the threat of inflation in Germany against the need to fight the sovereign debt crisis.
WSJ | Fed Holds Fire on Stimulus
The Fed is in no hurry to launch new measures to boost economic growth, minutes from the central bank's most recent meeting showed, disappointing investors eager for more stimulus.

Econ Comments & Analysis                                                                                            
NBER | Does Macro-Pru Leak? Evidence from a UK Policy Experiment
The regulation of bank capital as a means of smoothing the credit cycle is a central element of forthcoming macro-prudential regimes internationally.

Blogs                                                                                                                             
Daily Capitalist | Reinhart and Rogoff Fight the Fed
In 2009, Drs. Carmen Reinhart and Ken Rogoff published This Time Is Different:  Eight Centuries of Financial Folly.  This academic work became topical as it was nearing its completion due to the “Great Recession”.