News
Bloomberg | Draghi Says ECB Stands Ready to Start Buying Govt Bonds
European Central Bank President Mario Draghi said the bank is ready to start buying government bonds as soon as the necessary conditions are fulfilled, putting the onus on Spain to decide whether it wants a bailout.
Market Watch | Fed minutes of Sept. meeting: 5 things to watch
With the sharp new turn in Fed policy agreed to at the September meeting of Fed policy makers, economists will be looking for clues of any new rules of the road in the minutes of the Fed’s Sept. 12 and 13 meeting.
CNBC | Should Central Banks Have Coordinated Stimulus Moves?
In the space of 30 days, five major central banks round the world took turns to deliver aggressive stimulus measures in a bid to counter a deteriorating economic outlook and boost domestic growth.
Econ Comments & Analysis
Bloomberg | Bernanke May Owe Milton and Anna Another Apology
It’s time for the Fed to put the “money” back in monetary policy. Maybe a re-reading of Friedman and Schwartz is in order.
CNBC | IMF Chief Economist Says Crisis Will Last a Decade
The world economy will take at least 10 years to emerge from the financial crisis that began in 2008, the International Monetary Fund's Chief Economist Olivier Blanchard said in an interview published on Wednesday.
Blogs
Economist | The broken transmission mechanism
Since the crisis hit in 2008, there has been a sharp divide between those who believe that the monetary authorities have been insufficiently aggressive and those who believe that central banks have done everything possible given that households and businesses have no interest in taking on new debts.
WSJ | Researchers Aim to Quantify Impact of Fed Rate Guidance
Researchers at the New York Fed are working to get a handle of the hard-to-quantify effects of the central bank’s rising reliance on forward monetary-policy guidance, noting existing models don’t appear up to the task.
