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Narayana Kocherlakota on Safe Assets and the Natural Interest Rate

posted to Macro and Other Market Musings on Fri 17th May 13

Narayana Kocherlakota, President of the Minneapolis Fed, recently participated in a panel where he discussed the key challenges facing central banks. He viewed the safe asset shortage and the related inability of the Fed to push the actual market rate down
Abenomics and the Supply of Safe Assets

posted to Macro and Other Market Musings on Thu 16th May 13

One of the big challenges facing the global economy is the shortage of safe assets. These are the highly liquid, information-insensitive assets that function as money. The financial crisis raised the demand for these safe assets just as many of them were disappearing.
The Data Have a Market Monetarist's Bias

posted to Macro and Other Market Musings on Tue 14th May 13

It almost seems unfair, as if the evidenced is biased toward Market Monetarist's views. First it was the better-than-expected employment report last week and now it is the forecast-beating retail sales report. These developments should not be happening, especially

Narayana Kocherlakota on Safe Assets and the Natural Interest Rate

posted to Macro and Other Market Musings on Fri 17th May 13

Narayana Kocherlakota, President of the Minneapolis Fed, recently participated in a panel where he discussed the key challenges facing central banks. He viewed the safe asset shortage and the related inability of the Fed to push the actual market rate down
Abenomics and the Supply of Safe Assets

posted to Macro and Other Market Musings on Thu 16th May 13

One of the big challenges facing the global economy is the shortage of safe assets. These are the highly liquid, information-insensitive assets that function as money. The financial crisis raised the demand for these safe assets just as many of them were disappearing.
The Data Have a Market Monetarist's Bias

posted to Macro and Other Market Musings on Tue 14th May 13

It almost seems unfair, as if the evidenced is biased toward Market Monetarist's views. First it was the better-than-expected employment report last week and now it is the forecast-beating retail sales report. These developments should not be happening, especially