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Showing posts with label interest rate. Show all posts
Showing posts with label interest rate. Show all posts
Friday, October 25, 2019

J. W. Mason — The CBO Just Handed Us Two Trillion Dollars

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In their most recent 10-year budget and economic forecast, the CBO made a big change, reducing their long-run forecast of the interest rate...
Sunday, April 28, 2019

Lars P. Syll — The interest rate fallacy

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Another quote from the recently published MMT textbook. Lars P. Syll’s Blog The interest rate fallacy Lars P. Syll | Professor, Malmo Unive...
Tuesday, November 21, 2017

John Heltman — Fed interest payments to banks are here to stay, Yellen says

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Federal Reserve Chair Janet Yellen said Tuesday that the central bank should continue to use interest payments on member bank reserve balan...
4 comments:
Tuesday, September 19, 2017

Bill Mitchell — When relations within government were sensible – the US-Fed Accord – Part 1

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The topic centres on an agreement between the US Federal Reserve System (the central bank federation in the US) and the US Treasury to peg ...
Sunday, August 27, 2017

Lars P. Syll — Abba Lerner and functional finance

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Must-read for anyone interested in MMT. Lars P. Syll’s Blog Abba Lerner and functional finance Lars P. Syll | Professor, Malmo University
4 comments:
Monday, January 16, 2017

J. W. Mason — What Does Crowding Out Even Mean?

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In terms of a model, "crowding out" means that increasing the value of one variable diminishes the value of another or other var...
Wednesday, December 28, 2016

Noah Smith — Why Low Rates Failed to Boost Business Investment

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This type of research is fraught with difficulties , and causality is very hard to determine , so it’s important not to read too much into ...
17 comments:
Sunday, September 25, 2016

Brian Romanchuk — Primer: Endogenous Versus Exogenous Money

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One of the long-running debates within economics is the question whether money is endogenous or exogenous. Those who follow internet econom...
12 comments:
Tuesday, May 24, 2016

Brian Romanchuk — Interest Rate Cycles: An Introduction

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Monetary policy has increasingly become the focus of economists and investors. This report describes the factors driving interest rates acr...
3 comments:
Monday, February 1, 2016

Ramanan — Nick ROKE, Thrift, And Hoarding

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On the difference between saving and hoarding. The Case for Concerted Action Nick ROKE, Thrift, And Hoarding V. Ramanan
Friday, November 6, 2015

Brad DeLong — John Maynard Keynes Getting One Very Right: There Is No Medium-Run Full-Employment Sheet-Anchor for the Economy

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Keynes quote from General Theory. This, expressed in a very general way, is my theory of the rate of interest. WCEG — The Equitablog ...
1 comment:
Friday, June 5, 2015

Alexander Mercouris — Russia's Recession: A Necessary Re-Balancing

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...the Central Bank ever since 2012 has made it clear that its priority is inflation reduction over growth, with a medium term inflation ta...
1 comment:
Tuesday, December 9, 2014

Cory Hoffman — Have the Bond Vigilantes Really Arrived in Russia or is the market simply following the lead of the Russian Central Bank?

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So, I suspect that these recent rate hikes are not the result of the Russian Bond Market Vigilantes protesting Russian policies and the Rus...
Wednesday, January 29, 2014

Cardiff Garcia — A new call for rev-repo to become the new policy rate

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To those who have been watching the developments in the Fed’s fixed-rate full-allotment repo facility*, it won’t come as a bracing ...
1 comment:
Sunday, January 12, 2014

Matthew Boesler — A New Fed Study Destroys One Of The Central Tenets Of Monetary Policy

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Mike Sankowski observed some time ago that monetary policy acts chiefly through the housing channel with a lag of several years:  Since h...
1 comment:
Thursday, January 2, 2014

JW Mason — Debt and Demand

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It is customary to see rising debt as the result of private choices to finance higher expenditures by issuing new credit-market liabilities...
Wednesday, January 1, 2014

Another Lost Voice: Silvio Gesell

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   (Commentary posted by Roger Erickson) Clearly an early proponent of fully fiat currency, zero interest rates, and that a citizenry n...
Monday, December 23, 2013

Scott Sumner — How many economists can answer this question?

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What Scott sumner illustrates is that he cannot. This post makes absolutely clear how Prof. Sumner is clueless about about monetary economi...
8 comments:
Friday, December 20, 2013

Michael Pettis — Monetary policy under financial repression

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In order to understand much of what is happening in China I believe it is crucially important to understand how financial systems operate u...
1 comment:
Wednesday, July 31, 2013

Brad DeLong — Malinvestment In The Recession?

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I think Daniel Kuehn mistakes Evan Soltas's point. Soltas is arguing not against the fundamentalist Austrians and their claims that the...
3 comments: