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Thursday, January 23, 2014

Monetary

Econ Comments & Analysis                                                                                            
Real Clear Markets | With a Dollar-Price Rule, No Fed 'Taper' Would Be Necessary
With the Federal Reserve's recent announcement that it's set to begin reducing its monthly purchases of interest-bearing bonds, the conversation has partially shifted to the economic implications of the central bank's pivot. If the ‘taper' is engineered properly, the near and long-term results have the potential to be very positive.
CNN Money | Japan's Abe: I am beating deflation
Japanese Prime Minister Shinzo Abe says his country is winning the battle against deflation, the persistent low prices that have plagued Japan's economy for years.

Blogs                                                                                                                             
CATO | Bernanke’s Monetary Mess
Most who have graded Prof. Ben Bernanke’s twelve years at the Federal Reserve have issued marks which range from A to a gentleman’s C. I think those marks are much too generous. Indeed, I think a failing mark would be more appropriate.
Library of Economics | Don't expect too much from inflation
I'm associated with the "pro-inflation" crowd because of my advocacy of monetary stimulus over the past 5 years.  This is actually sort of ironic because I'm an inflation hawk who was trained at the University of Chicago in the late 1970s and haven't significantly changed my views on monetary policy over the past 35 years.