Monetary Policy

Wednesday, March 31st, 2010
"The Seigniorage Curse appears to hollow out the economy by the following manner: First, the premium charged to holders of dollars becomes a new source of accrued, aggregate revenue.
Monday, March 29th, 2010
"One part of Alastair Darling’s Budget that appears to have received little attention from the media is his plan for a 'Credit Adjudication Service'. This new body, it appears, will provide an appeals process for small and medium businesses that have been denied credit by banks.
Thursday, March 25th, 2010
"This paper considers inflation forecasts for 2001 under two different assumptions about productivity growth. One assumption, the optimistic one, is that productivity growth has risen above its long-run historical average and that 2001 will see near price stability.
Wednesday, March 24th, 2010
"Inflation rates vary from year to year and from currency to currency. Since 1950, the U.S. dollar inflation rate, as measured by the December-to-December change in the U.S. Consumer Price Index (CPI), has ranged from a low of −0.7 percent (1954) to a high of 13.3 percent (1979).
Tuesday, March 23rd, 2010
"The bond market is saying that it’s safer to lend to Warren Buffett than Barack Obama.
Wednesday, March 17th, 2010
"The Fed's own origins are evidence for this point. It is usually argued that the Fed was created to avoid the banking crises that plagued the United States in the late 19th century. That is true to an extent.
Friday, March 12th, 2010
Recent developments have clearly demonstrated that "there is no such thing as a Keynesian free lunch." The grim story of fiscal crises afflicting major economies is something that should not be taken lightly. It could happen sooner than most people think if the governments of the US and other debt-ridden countries don't get their fiscal houses in order.
Friday, March 12th, 2010
On Wednesday, March 10, a Wall Street Journal article announced that the Financial Crisis Panel will be convened in early April with Alan Greenspan as the center act.
Wednesday, March 10th, 2010
"Let me say first that I believe in the benefits conferred by the free market as strongly as anybody in this country: nobody, anywhere, has yet devised a way of organising economic activity which comes close to the free market as a way of efficiently producing the goods and services which people wan
Wednesday, March 10th, 2010
"Economists do not agree about how monetary policy affects the economy. Different observers
Wednesday, March 10th, 2010
"This work provides an overview of monetary policy operating procedures in emerging market economies. Most of the discussion reflects the situation in mid-1998. The emphasis is on general principles although in practice country-specific factors condition actual procedures.
Tuesday, March 9th, 2010
"Michael Belongia of the University of Mississippi and former economist at the St. Louis Federal Reserve talks with EconTalk host Russ Roberts about the inner workings, politics, and economics of the Federal Reserve.
Friday, February 12th, 2010
In an op-ed for the Wall Street Journal, Fed Chairman Ben Bernanke commented on his “exit strategy”.
Wednesday, December 9th, 2009
"In the present century centralised banking systems have come to be regarded as the usual concomitant, if not one of the conditions of the attainment of an advanced stage of economic development. The belief in the desirability of central bank organisation is universal.
Monday, June 14th, 1954

Research Reports - 06/14/1954

Monday, April 3rd, 1950

Research Reports - 04/03/1950

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