Econ Comments & Analysis
NBER | How Much Do Official Price Indexes Tell Us about Inflation?
Official price indexes, such as the CPI, are imperfect indicators of inflation calculated using ad hoc price formulae different from the theoretically well-founded inflation indexes favored by economists.
Forbes | We All Know Who Janet Yellen Is, And That's Terrifying
The acclaim in the media sends a shiver down the spine. Janet Yellen, just nominated by President Obama as the next head of his Federal Reserve, will be “the most powerful woman in the planet”.
FOX Business | Dudley: QE Not Nearly as Harmful as Bad Fiscal Policy
Unconventional monetary policy poses a small risk to central bank independence but a far larger threat comes from fiscal authorities if they insist on policies that harm the economy, a senior U.S. Federal Reserve official said on Tuesday.
Blogs
Economist | Of doves and dovishness
I enjoyed the brief back-and-forth between my colleague and Peter Hooper, on whether Janet Yellen (Federal Reserve chair-apparent) is a hawk or a dove. But while both authors have sensible things to say, the discussion mostly demonstrates the weakness of the hawk and dove framework.
