Yves here. In a bit of synchronicity, this post continues the theme of Dipherio’s podcast over the weekend on NAIRU, describing how other central banks around the world look at the issue of what inflation rate to try to achieve and why. I’m a little surprised that Epstein did not mention how the Fed kept […]
Read more...An explanation of NAIRU for novices, as well as a discussion of its politics.
Read more...Like the Bourbons, the Clintons appear to have learned nothing and forgotten nothing.
Read more...Why a proposal to “stay” derivatives termination in the event of bank bankruptcy is inconsequential and avoids bigger questions about the use of derivatives and failure to rein in risks in this market.
Read more...An interview on inflation targeting and its implications.
Read more...Private equity investors are throwing caution to the wind as even more money chases funds.
Read more...Which Eurobank has led the ECB to tap its dollar swap line with the Fed?
Read more...Struggles over shadow money today echo 19th century struggles over bank deposits.
Read more...The data on European youth unemployment is sobering, and the migrant influx is making a bad situation worse.
Read more...The practical and political consequences of no big banks getting a pass on their living wills.
Read more...A case study illustrating how soi-disant liberal economists pushed the US to the right during the Clinton Administration.
Read more...The Financial Times’ lead economics writer, Martin Wolf, makes an intellectually bogus case for negative interest policies.
Read more...The Fed is suddenly looking very nervous, and by contrast, the Europeans don’t seem anywhere nervous enough on the banking front.
Read more...Jamie Dimon likes to write grandiose letters to shareholders. This year’s version is no exception.
Read more...The more you look at negative interest rates, the harder it is to find anything to like.
Read more...