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Wednesday, November 13, 2013

Monetary

News                                                                                                                             
Bloomberg | Central Banks Risk Asset Bubbles in Battle With Deflation
Central banks are finding it’s easier to push up stock and home prices than it is to prevent inflation from falling short of their targets.

Econ Comments & Analysis                                                                                            
WSJ | Finding Out Where Janet Yellen Stands
The president nominated Janet Yellen, a friend and former colleague, to be the next chairman of the Federal Reserve. I expect she will marshal her strong intellect, meticulous preparation and ample experience to lead the central bank successfully.

Blogs                                                                                                                             
WSJ | ‘Fragile Five’ Struggle to Take Advantage of Fed Taper Reprieve
The Federal Reserve’s decision in September to maintain for now its extraordinary support for the American economy has given emerging markets extra time to prepare for the U.S. central bank’s eventual policy tightening.