monetary policy

By Sober Look Economists continue to insist that there is no connection between Fed's monetary expansion and increases in commodity prices, particularly agricultural products globally (discussed here). Here is a typical comment:  If it is…

The big news today is based on a report by Bild, a German tabloid, which reported that Jens Weidmann, the head of Germany's central bank, offered to resign on multiple occasions due to his opposition to the ECB's plans to monetize euro zone…

The following is an excerpt of an article written for the Dallas Fed this month by William R. White, a well-known Canadian economist who served as Chief Economist for the Bank of International Settlements until 2008 and was also one of the…

I was discussing this with a few friends online a couple of weeks ago and now it's all over the news. Earnings have been poor, yet stocks continue to push higher. One argument was that "the key is deleveraging the banking system in an…

By Marc Chandler In recent weeks, the market had appeared to be scaling back expectations of another round of asset purchases by the Federal Reserve.   US 10-year Treasury yields rose nearly 40 bp since the August 1.  The reconsideration…

A few hours ago I wrote a rather downbeat post on the prospects for the US economy that continued the thoughts from an article I wrote in the New York Times. A number of other sources have confirmed some of the logic behind that post since…

I wrote a piece in the New York Times that appeared yesterday along with Mark Thoma and John Cochrane. The question was "Should the Fed Risk Inflation to Spur Growth?" My answer was that the Fed should always keep an eye on inflation as…

A while ago I posted a translation of Joerg Asmussen's Frankfurter Rundschau interview and my interpretation of his commentary. Here is the rest of the translation and some commentary. There are to be bond purchases once more. What makes…

This is just a quick follow-up to my article on ECB sovereign debt yield caps. I don’t think the ECB is about to put ceilings on euro area sovereign debt yields. The speculation generated by the Spiegel article is not warranted in my view.

The culture of fraud in economics is a severe problem, and Harvard is a “hot spot” of that culture.