Can the Fed tighten its stance without much side-effect?
According to most commentators, reducing monetary stimulus and winding down the balance sheet of the Fed without major economic disruptions is going to be…
Does the United States owe a lot to Bernanke?
In his Financial Times article on June 4th the FT columnist Martin Wolf praised Ben Bernanke for saving the US economy and the world…
Is Japan heading for another lost decade?
Recently various commentators have been warning the Euro-zone to boost its stimulus policies in order to avoid a Japanese-style lost decade. By this they…
Is loose fiscal policy the missing ingredient for US economic recovery?
In his New York Times article of May 7, columnist Bruce Bartlett laments that given the current state of economic affairs we need more…
Fed’s policy of price stability damages US economy
According to a European Central Bank Governing Council member Ewald Nowotny, Federal Reserve Chairman Ben Bernanke sees no risk to inflation in the United…
The Bitcoin money myth
Many economists and financial commentators believe that in the unregulated market of the internet economy, new forms of money can be created that bypass…
Is the Fed likely to alter its easy stance soon?
On Thursday April 4 the Federal Reserve Vice Chairman Janet Yellen said in Washington the Federal Open Market Committee (FOMC) should be prepared to…
Should the Fed reverse its loose stance?
According to Ben Bernanke, the Chairman of the Federal Reserve Board, the pulling back on aggressive policy measures too soon would pose a real…
Why Japan should not fight deflation
On January 22, 2013 policy makers of the Bank of Japan (BOJ) voted for a 2% inflation target, to be achieved “at the earliest…
Fed’s policies expose mainstream fallacies
At the annual meeting of the American Economic Association in San-Diego on January 4-6 2013 Harvard professor of economics Benjamin Friedman said, The standard…