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posted to EconWeekly on Wed 22nd May 13

Commerzbank sees high risk of housing crash in Sweden and Finland. Structural fiscal deficits in Australia: "Ringing the alarm on fiscal policy barely one week after the federal budget, two independent reports from the Parliamentary Budget Office
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posted to EconWeekly on Tue 21st May 13

The warnings are piling on and on: Chinese banks, corporations, and local governments have too much debt.Korean real estate: mixed signals. "The housing market shows clear signs of bottoming out, with three key indicators trade volume, sales prices and
Migration to Germany (from the "periphery" of Europe)

posted to EconWeekly on Fri 17th May 13

From Spiegel International.

How the Fed took the money out of monetary policy

posted to EconWeekly on Sat 22nd Mar 08

The Federal Reserve used to have only a few tools to do its job that is, until it got the genie out of the bottle. Sometimes quietly, other times conspicuously, the Fed is surely changing the way it creates liquidity.(Jim Hamilton has been narrating these changes
The Fed's new tools (II)

posted to EconWeekly on Fri 18th Apr 08

Last week I described the traditional tools of the Fed (open market operations and the discount window) and an old, but less well-known one (repurchase agreements). Then I described the first innovation, the Term Auction Facility, inaugurated in December.This
The Fed's new tools (I)

posted to EconWeekly on Fri 11th Apr 08

By popular demand, I improved and expanded the notes I published a couple of weeks ago about the new tools of the Federal Reserve. I have added instruments that are not in place yet but the Fed considers using. I have ended up with a very long post, so I have

From Disinflation to Deflation?

posted to Econbrowser on Mon 9th Aug 10

It's a schizophrenic world. On one side, there are lots of people worried about hyperinflation [0], despite forward looking indicators of inflation signalling quiescence [1] and actual price indicators going downward. On the other are those who actually look
real yields according to TIPS seems fairly low in historical perspective

posted to Libertarian Democrat Point Of View on Tue 2nd Jun 09

From Econbrowser:"High Anxiety (about Interest and Inflation Rates) In March 2001, I was tasked to follow developments in Japanese macro policy (including monetary, exchange rate, and banking recapitalization issues). Readers will be tempted to ask what this
High Anxiety (about Interest and Inflation Rates)

posted to Econbrowser on Mon 1st Jun 09

In March 2001, I was tasked to follow developments in Japanese macro policy (including monetary, exchange rate, and banking recapitalization issues). Readers will be tempted to ask what this has to do with current events. Well, at the time, Japan was facing