News
CNBC | Fed Still Owes Congress a Blueprint on Its Emergency Lending
After the Federal Reserve lent more than $1 trillion to big banks during the 2008 financial crisis, Congress required the central bank to devise specific ways of protecting taxpayers when doling out emergency loans to financial institutions.
Bloomberg | ECB Rate Cut Seen Next Week by Banks From Nomura to RBS
The European Central Bank will cut its key interest rate to a record low next week as the euro- region economy slumps, according to banks including Nomura International Plc, UBS AG (UBSN) and Royal Bank of Scotland Group Plc.
Econ Comments & Analysis
NBER | Are Sticky Prices Costly? Evidence From The Stock Market
We document that, after monetary policy announcements, the conditional volatility rises more for firms with stickier prices than for firms with more flexible prices.
Forbes | Now We Know Where the Inflation Went
A question has haunted the aftermath of the Great Recession: where is all the inflation? If the Federal Reserve is going to spike the money supply most massively in the context of minimal economic growth, as it has since 2008, it would seem that a severe price inflation must ensue. Yet the consumer price index has grown at merely 1.5% for the past five years.
WSJ | 'Target' Funds Vulnerable to Rate Rise
Millions of workers saving for retirement risk losing part of their nest eggs if interest rates jump. The cause for concern: target-date mutual funds, designed for investors who lack the time or expertise to balance their investment portfolios.
Blogs
Economist | How does inflation matter?
The IMF's recently published a thought-provoking analysis on changes in the apparent relationship between inflation and unemployment
