Tags » Bennett McCallum

Time for the Fed to introduce a forward-looking McCallum rule

Earlier this week Boston Fed chief Eric Rosengreen in an interview on CNBC said that the Federal Reserve could introduce a forth round of quantitative easing – QE4 – since the beginning of the crisis in 2008… 1,244 more words

Riksbanken moves close to the ZLB - Now it is time to give Bennett McCallum a call

In a very surprising move the Swedish Riksbank this morning cut its key policy rate by 50bp to 0.25%. It was about time! The Riksbank has for a very long time undershot its 2% inflation target and inflation expectations have consistently been below 2% for a long time as well. 1,248 more words

Bennett McCallum

Choques reais e choques monetários...juntos - observações aleatória sobre bitcoin, Lucas, Marschak e, claro, política monetária

One source of difficulty in formal empirical studies of monetary policy effects on real variables has been the common practice of focusing attention on real responses to policy innovations—i.e., unexpected components —in vector autoregression (VAR) studies.

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Liberty