What Hayek Tells us about the Link between Ultra-loose Monetary Policy and Political Instability
byBy Professor Gunther Schnabl, University of Leipzig The European Central Bank will increase the overall volume of its bond purchase program to…
Economics
Yellen’s Poor Legacy — and Powell’s Challenges
byBy Daniel Lacalle The appointment of Jerome Powell as the new chair of the Federal Reserve must be interpreted by the markets as a sign…
Zero Hedge: The Swiss National Bank Now Owns A Record $88 Billion In US Stocks
byIn the third quarter of 2017, one in which the global economy was supposedly undergoing an unprecedented “coordinated growth spurt”, and in which central…
For god’s sake, stop!
by“Most economists, it seems, believe strongly in their own superior intelligence and take themselves far too seriously. In his open letter of 22 July…
Can gradual interest rate tightening prevent shocks?
byFed policy makers are of the view that if there is the need to tighten the interest rate stance the tightening should be gradual…
Jeffrey P. Snider : China’s (de)Dollar Bonds
byThe Chinese government has sold its first dollar bond issue in thirteen years. Given that fact alone, the idea is causing more than a…
Low Interest Rates Subsidize Wealthy Households
byBy Hal Snarr When the economy begins to sink into recession, politicians, mainstream economists, policy wonks, and the Federal Reserve begin beating the economic stimulus…
Necessity is the Mother of Invention – Retirees Desperate Reach for Yield
byBen Bernanke’s creativity inspired a generation of economists and central bankers. QE, ZIRP and NIRP established a new class of economics that is mathematically…
The productivity myth
byEvery now and then, there’s a rash of commentary on national productivity. And for the British, productivity is all part of the Brexit angst,…
What should be the criteria for model selection?
byIn order to make the data “talk,” economists utilize a range of statistical methods that vary from highly complex models to a simple display…