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Thursday, December 20, 2012

Monetary

News                                                                                                                             
Fox Business | Bank of Japan Boosts Stimulus Again
The Bank of Japan delivered its third shot of monetary stimulus in four months on Thursday, in a prelude to more aggressive action next year as it faces intensifying pressure from the country's next leader for bolder action to beat deflation.

Econ Comments & Analysis                                                                                            
New York Post | Fed chief has gone totally round the Ben(d)
Fed Chairman Ben Bernanke, who has already done more than enough to destroy this country's currency, must need a change of prescription.

Blogs                                                                                                                             
The Economist | How durable is the emerging NGDP consensus?
Those who want central bankers to focus to changes in nominal incomes rather than the pace of consumer price increases have made tremendous progress over the past few years, at least when it comes to persuading economists and pundits.