Merry Christmas from TCC: Treasury Select Committee to examine low interest rates
Next year there will be a parliamentary enquiry into the effects of ultra low interest rates and other mechanisms of radical monetary policy. It…
Read MoreDecember, 2016
The 25th Anniversary of the End of the Soviet Union
December 24, 2016 marks the 25th anniversary of the formal end of the Soviet Union as a political entity on the map of the…
Read MoreWill A Stronger Dollar Cause a Trade War with Europe?
Markets have not been slow to see through the hollowness of the European Central Bank’s announced (on December 8) curtailment of the pace of…
Read MoreTalking about ‘Sticky Prices’ and Monetary Policy
The phenomena of ‘Sticky Prices’ (known also as ‘nominal rigidity’, ‘wage-stickiness’ and ‘price-stickiness’) is important in Keynesian thought and macroeconomic thought more broadly. Prices…
Read MoreCan we use Blockchain to enable True Free Trade?
I recently wrote about how Blockchain could potentially be used to make optional licensure a feasible reality (though I also professed that this was…
Read MoreThe Eventual Impact of Rising Bond Yields. Further Cracks Appearing in the ‘Global Consensus’ of Bank Supervision.
Central Banking Global Bond Market Yields are Rising The ECB’s recently announced 6 month extension of its QE programme reminds us that the speed…
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Benn Steil: Is the Emerging Market Currency Plunge Really About Trade?
Emerging market (EM) assets have taken a beating since Donald Trump’s surprise election victory on November 8. EM bond prices are down 4.4 percent,…
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George Selgin: Has the Fed been Holding Down Interest Rates?
Source: https://www.alt-m.org/2016/12/01/fed-holding-interest-rates/ ONCE UPON A TIME, when my twin brother and I were tots, our father convinced us that he could make a traffic light…
Read MoreEconomics Ideas: David Hume on Self-Coordinating and Correcting Market Processes
David Hume was one of the most prominent of the Scottish Moral Philosophers. He is particularly famous as a philosophical skeptic, who, in his…
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Unemployment and inflation: is there any relation?
A fall in the US unemployment rate to 4.6% in November from 4.9% in the month before and 5% in November last year has…
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