News
Bloomberg | Bank of Japan Joins Fed, ECB in Record Stimulus
After watching Ben S. Bernanke take unprecedented steps for four years to rebound from the worst recession since the Great Depression, the Bank of Japan (8301) is signaling that the Federal Reserve’s full-throttle approach to stimulus is the way to end 15 years of deflation.
Econ Comments & Analysis
Real Clear Markets | With Chaos Increasing, the Fed Must Cease Targeting
On March 15, 2013, just before news out of Cyprus would capture nearly all financial attention, the US Treasury issued a request for a "large position report" from institutions holding at least $2 billion par value of 2% US Treasury Notes maturing February 2023.
Bloomberg | Gold Bugs Had the Best Monetary Rule
Ever since the U.S. severed the last remnant of the dollar’s link to gold in 1971, economists have been searching for a new rule for monetary policy. The Great Inflation of the 1970s only reinforced the notion that rules trump discretion. But what sort of rule exactly?
Mercatus | The Federal Reserve's Expanding Regulatory Umbrella
The Federal Reserve’s performance as a regulator in the years leading up to the 2007–08 crisis earned it widespread criticism. In the wake of the crisis, its fate as a regulator was uncertain as Congress considered regulatory reforms.
Blogs
Economist | The bottleneck
Nominal interest rates, across the yield curve, have been tumbling since the early 1980s. Much of that reflects the defeat, across the rich world, of high inflation. But real interest rates have also been trending down for more than a decade, even at long time horizons.
The American | Financial Innovation — Illusory and Real
Some ‘innovations’ are merely new names for ways of lowering credit standards, running up leverage, and increasing risk. How do we know what’s real and what’s not?
