Tags » Bennett McCallum
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
Choques reais e choques monetários...juntos - observações aleatória sobre bitcoin, Lucas, Marschak e, claro, política monetária
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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.
Which central bank has conducted monetary policy in the best way in the last five years? Among “major” central banks the answer in my view clearly would have to be the… 1,025 more words
From to time I will make an argument and then later realize that it really wasn’t my own independently thought out argument, but rather a “reproduction” of something I once read. 687 more words
In my view one of the key reasons that Australia avoided recession in 2008-9 was the Reserve Bank of Australia (RBA) effectively is operating what I… 563 more words