News
Bloomberg | ECB-Politicians’ Anti-Crisis Bargain Starts to Emerge
After 2 1/2 years of incremental crisis management and false starts, a bargain is beginning to emerge between Europe’s politicians and central bankers over how to calm bond markets and end the debt tumult that threatens the euro’s survival.
Econ Comments & Analysis
NBER | Innocent Bystanders? Monetary Policy and Inequality in the U.S.
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980.
Real Clear Markets | There Is No Money In Monetary Policy Anymore
It is hard this week not to think about Milton Friedman. As those that appreciate the powerful abilities of free markets to advance the cause of humanity celebrate the 100th anniversary of his birth, it is fitting and proper to revisit his work. Friedman's greatest achievement was certainly in changing conventional wisdom about the Great Depression.
Blogs
Daily Capitalist | QE3′s Looming Failure Means Ben’s Days Are Numbered
The above-the-fold headline of [last week's] Wall Street Journal, “Fed Moves Closer to Action”, signals an impossibly deluded Federal Reserve utterly blind to the damage its machinations are bringing to the U.S. and global economy.
WSJ | A Brief Etymology of the Phrase ‘Closely Monitor’
The Federal Reserve sent some strong messages in its policy statement Wednesday that it is moving toward new easing measures. Among the more obscure lines that has gotten the attention of some investors was its remark that it would “closely monitor incoming information on economic and financial developments.”
