permanent zero – Credit Writedowns

Credit Writedowns

Finance, Economics, and Markets

A brief mental model for thinking about monetary policy and resource misallocation

Monetary offset, fiscal determinism and asset bubbles: a Wynne Godley-style mental model for US economic forecasting (wonkish)

The lower bound of central bank effectiveness

The limits of monetary policy, part 2

The Fed confirms its move to forward guidance and permanent zero

The succession battle at the Fed and the Fed’s reaction function

On macroeconomic hubris and the Fed’s permanent zero rate policy

Full Text: Testimony by Chairman Bernanke on the semiannual Monetary Policy Report to the Congress

Zero rates mean Americans are giving up on Certificates of Deposits

The Economy in the United States and the United Kingdom