Blogs
WSJ | Unconventional Monetary Policies Spell Success in Any Language, Fed Paper Says
Central banks in the U.S., Japan, the U.K. and Europe all have resorted to unconventional policies in recent years to combat the global financial crisis and recession. The details have differed across international borders, but in all four cases, they’ve proven successful in terms of easing overall monetary conditions, according to new research from the Federal Reserve.
Market Watch | New IMF paper says bond purchases should be used only in rocky times
Many of the world’s leading central banks, notably the Federal Reserve, the Bank of Japan and the Bank of England, have taken the unprecedented step to purchase bonds after interest rates hit the lower bound. A new paper from the International Monetary Fund argues such purchases should be done only in exceptional times.
WSJ | Fed Releases Staff Memos Prepared for December 2008 Policy Meeting
Earlier this year, the world got a deeper look at the Federal Reserve‘s struggle to grasp and then respond to the unfolding financial crisis when the central bank released transcripts of its 2008 policy meetings.
Library of Economics | Never reason from an inflation rate change
We all know that inflation is extremely unpopular with voters. We also observe that inflation remains extremely unpopular in a variety of northern European economies, which typically have more egalitarian distributions of income (though not always wealth) than does the United States. In any case the top 0.1 percent in those countries has less wealth per capita than in the U.S. and, at least according to progressives, less political influence too.
