News
FOX Business | Import Prices Increase More Than Expected in February
U.S. import prices rose more than expected in February, driven by the biggest increase in fuel prices since August, a U.S. Labor Department report showed on Wednesday.
Bloomberg | Fed’s Bank Stress Tests Make Dubious Assumptions
The results of the Federal Reserve’s 2013 stress tests are promising, showing that 17 of the 18 largest U.S.-bank holding companies have a resilient base of capital and could withstand three different severe recession scenarios.
Econ Comments & Analysis
NBER | Hot Tip: Nominal Exchange Rates and Inflation Indexed Bond Yields
This paper derives a structural relationship between the nominal exchange rate, national price levels, and observed yields on long maturity inflation - indexed bonds.
Washington Times | Behind the Bernanke curtain
The spooks don’t preside over the most secretive agency of the government. It’s no place for spies or their spymasters, so it isn’t the Central Intelligence Agency, the National Security Agency or even the Office of National Intelligence. The place where the deepest secrets are kept is where the gnomes of the central banks work.
WSJ | Easing the Angst About Fed Easing
Last month, a flurry of ill-informed speculation swept through the markets: TheFederal Reserve might start backing away from its program of large-scale asset purchases ("quantitative easing"), or maybe even begin to raise the federal funds rate, before the end of the year. The talk was fueled by the release, on Feb. 20, of the minutes of the Federal Open Market Committee's January meeting.
Blogs
Economist | Commodity prices in the (very) long run
Back in the late 1960s and early 1970s, rapid worldwide population growth and soaring commodity prices gave rise to fears that humans were outgrowing their planet's resource capacity.
