Helicopter Money: The Illusion of a Free Lunch
Does helicopter money come with a hidden price tag?
Read more...Category Archives: Federal Reserve
Inflation Targeting and Neoliberalism, Part 3
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...Economics for the Rest of Us Explains NAIRU, Including Its Political Implications
An explanation of NAIRU for novices, as well as a discussion of its politics.
Read more...After Distancing Herself From Bill Clinton’s Economic Policies, Hillary Wants Him as Mr. Economic Fix It
Like the Bourbons, the Clintons appear to have learned nothing and forgotten nothing.
Read more...Satyajit Das: “Stay in the Name of Reform” – The Fed and ISDA’s Derivative Bankruptcy Initiative
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...Inflation Targeting and Neoliberalism
An interview on inflation targeting and its implications.
Read more...Mania in Private Equity as Investors Throw Money at Funds
Private equity investors are throwing caution to the wind as even more money chases funds.
Read more...So Which Eurobank is Having Dollar Funding Problems?
Which Eurobank has led the ECB to tap its dollar swap line with the Fed?
Read more...Towards a Theory of Shadow Money
Struggles over shadow money today echo 19th century struggles over bank deposits.
Read more...Youth Unemployment in the Mediterranean Region and its Long-Term Implications
The data on European youth unemployment is sobering, and the migrant influx is making a bad situation worse.
Read more...Five Big Banks Get Bad Grades on Living Wills, No One Gets Clean Pass; Admission That “Too Big to Fail” is Alive and Well
The practical and political consequences of no big banks getting a pass on their living wills.
Read more...Bill Black: “Liberal” Economists Cheered the New Democrats’ Deregulation of Finance
A case study illustrating how soi-disant liberal economists pushed the US to the right during the Clinton Administration.
Read more...Martin Wolf Defends Central Banks’ Negative Interest Rate Policies
The Financial Times’ lead economics writer, Martin Wolf, makes an intellectually bogus case for negative interest policies.
Read more...Fed Suddenly Having Emergency Meetings as European Banks Also Wobble
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 Tells Us We Need to Leave Too Big to Fail Banks Alone
Jamie Dimon likes to write grandiose letters to shareholders. This year’s version is no exception.
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