Fed Watch: Closer to Colliding
Tim Duy: Closer to Colliding, by Tim Duy: Each passing day brings the runaways trains closer to collision. The European strategy to scare the Greek people into voting for pro-austerity parties was always risky. My tendency is to think it...
Links for 2012-05-18
A secret Denmark shares with Canada about mobility - Miles Corak Greece Must Exit - Nouriel Roubini Spending and Growth - Paul Krugman What Makes Countries Rich or Poor? - Jared Diamond American Lessons (for Europe) - Acemoglu and Robinson...
"Is Inflation Targeting Really Dead?"
David Altig argues that flexible inflation targeting "is far from dead": Is inflation targeting really dead?, by David Altig: Harvard's Jeffrey Frankel (hat tip, Mark Thoma) is the latest econ-blogger to cast an admiring gaze in the direction of nominal...
Break Them Up
This was unexpected: Federal Reserve Bank of St. Louis President James Bullard said Thursday that banks deemed “too big to fail” should be split up. “We do not need these companies to be as big as they are,” Bullard said....
Are You Feeling Lucky?
Give all the uncertainties about Europe, and additional worries about other things such as oil prices, if we could buy insurance against future economic problems, now would be a good time to do it. Oh wait, we can. That insurance...
Fed Watch: Europe Overnight
Tim Duy: Europe Overnight, by Tim Duy: European policymakers are trying to sway the vote in Greece. From the Financial Times: Senior European leaders are attempting to turn Greece’s repeat national election next month into a referendum on the country’s...
Links for 2012-05-17
Because They Can - Baseline Scenario The Climate Misinformation Nation - The Berkeley Blog The Dog That Didn't Bark: Obama on JPMorgan - Robert Reich Light at the End of the Tunnel for State and Local Pensions? - CBPP Fiscal...
Frankel: The Death of Inflation Targeting
Jeffrey Frankel says inflation targeting is falling out of favor, but it's not clear what will replace it: The Death of Inflation Targeting, by Jeffrey Frankel, Commentary, Project Syndicate: It is with regret that we announce the death of inflation...
Fed Watch: FOMC Minutes
Tim Duy: FOMC Minutes, by Tim Duy: The FOMC minutes are released tomorrow. Calculated Risk gives us the Goldman Sachs preview: We expect that the April FOMC minutes ... will include a discussion of possible easing options. ... The first...
Economic Behavior: The Effects of Individual Genetic Variants are Tiny
There was recently some discussion of "genoeconomics": ...the idea that genes had an important role to play in decision-making was largely abandoned in the world of economics. But with the completion of the Human Genome Project in 2000, the first...
Fed Watch: Greece is Running Out of Time
Tim Duy: Greece is Running Out of Time, by Tim Duy: I have repeatedly described myself as a Euroskeptic. The current combination of politics and economics looks likely to at worst doom the Euro to failure, at best to commit...
James Galbraith on the Euro Crisis
Here's the third part (German version) of an interview of Jamie Galbraith conducted a few weeks ago by Roger Strassburg and Jens Berger of the German blog NachDenkSeiten (first part, second part). This is on the Euro crisis: NDS: You've...
