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Friday, February 8, 2013

Monetary

News                                                                                                                             
CNBC | The Fed's Global 'Unintended Consequence'
The week ahead sees policymakers from the Group of 20 – or 20 leading economies – meet in Moscow.
CNS News | Fed Has Bought More U.S. Gov’t Debt This Year Than Treasury Has Issued
So far this calendar year, the Federal Reserve has bought up more U.S. government debt than the U.S. Treasury has issued.
CNN Money | Inflation slows in China to start new year
After hitting a seven-month high to close out 2012, China's consumer price index dipped in January.

Econ Comments & Analysis                                                                                            
Real Clear Markets | Monetarists Don't Seem To Get Monetizing
The American Enterprise Institute's James Pethokoukis recently wrote a post ostensibly in defense of the Federal Reserve's QE programs. If not a full argument in favor, at the very least Mr. Pethokoukis is arguing that current Fed policy has been at least consistent with the historical norm.

Blogs                                                                                                                             
Economist | Jeremy Stein leans against the wind
Before the crisis, monetary policymakers generally agreed that they should not concern themselves with financial stability until after something bad had already happened. Prevention was the job of the regulators, they said.