monetary policy

Below, INET's Rob Johnson interviews Richard Koo, Chief Economist at Nomura and author of the 2009 book "The Holy Grail of Macroeconomics, Revised Edition: Lessons from Japans Great Recession" on how his theory on the Japanese…

China threw in a surprise trade deficit number this past month. However, It looks to be a one off. UBS' Andy Lees in London explains: The February trade numbers slipped to a deficit of USD7.3bn. The number is usually volatile at this…

The financial climate has changed radically from when Norway’s Oil Fund was established in 1990. Norway has built up its savings since then by selling enormous quantities of oil and gas, and employing many thousands of workers. By…

This note comes from an American equity analyst. I have underlined the most important parts. I will give my interpretation below: Bank Money held by those in the real economy is contracting. Fed Money is a different animal. Fed…

Mexico central bank kept rates steady at 4.5% today, as expected. However, it tilted a little more to the hawkish side and supports our view that tightening is likely to start in Q4 11 and not Q1 12 as market is pricing in. Central bank…

Here's a morning note from UBS' Andy Lees in London on core inflation that made me think. Andy writes: Opinion – By focussing on core inflation rather than headline inflation, central banks are making a major policy mistake. Because…

Highlights The US dollar remains under pressure as the divergent outlook in monetary policy across central banks continue to underpin currency movement. The euro extended its recent gains, just ahead of the yearly high near $1.386,…

By Claus Vistesen As the debate between the inflationistas and deflationistas appears about to rev up again, I thought that I would try to put pen to virtual paper and sketch out my thoughts on the matter. The specific catalyst for…

By Marc Chandler The Swedish krona is surging today. Hawkish central bank comments have offset disappointing retail sales figures and there is some talk of some month-end related demand. The euro recorded multi-year lows against the…

 Speech by Janet L. Yellen, Vice Chair of the Federal Reserve, at the University of Chicago Booth School of Business U.S. Monetary Policy Forum, New York, New York - February 25, 2011.  Cross post from Global Economic Intersection. The…