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Monday, July 9, 2012

Monetary

News                                                                                                                             
WSJ | Weak Report Lifts Chance of Fed Action
Friday's disappointing jobs report increases the likelihood that the Federal Reserve will launch a new bond-buying program to boost economic growth, though it doesn't ensure such a move.

Econ Comments & Analysis                                                                                            
Market Watch | Monetary policy isn’t helping ‘The Simpsons’
“We’re not helping, as I put it, the Homers and the Marges,” Fisher continued in a session moderated by CNBC’s Maria Bartiromo. “We’re helping the Mr. Burnses.”

Blogs                                                                                                                             
Coordination Problem | George Selgin Asks a Very Good Question of the Market Monetarists
Over at the Free Banking blog, George explains why even though he is sympathetic to much of the Market Monetarist theoretical argument, he is actively objecting to their call for more expansionary policy from the Fed.  He offers three reasons, with the third being the most interesting
Economics One | Gross Capital Flows Grow in Importance
My Wall Street Journal article yesterday Monetary Policy and the Next Crisis touches on a growing research area in international finance that focusses on gross capital flows as distinct from the current account.