Tags » Ngdp

Well done Janet, well done Stanley (irony alert!)

A James Alexander post

Where are the John Maynard Keynes’ and Milton Friedman’s when you need them? The Fed, led by Janet Yellen and Stanley Fischer, has made a huge mistake in tightening monetary policy. 1,192 more words

Monetary Policy

Germany vs the Euro 18

A James Alexander post

Almost alone among economic commentators we do actually look at Nominal GDP data as it is released. Full Euro Area NGDP data for third quarter 2015 was released this week alongside the 2nd estimate of Real GDP. 591 more words

James Alexander

Not surprising that Bullard is surprised!

Apparently, Janet Yellen is a strong leader:

The leader of the Federal Reserve is often described as among the most powerful people in the world.

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Monetary Policy

ECB Chief Economist Peter Praet talks about “nominal growth”, wow!

A James Alexander post

Frances Coppola rightly drew attention to this section of a speech by Peter Praet, ECB Board Member and its Chief Economist, actually the opening paragraph: 547 more words

James Alexander

The UK NGDP dog is barking

A James Alexander post

It is always amazing that the UK statistics authority can produce a Real GDP estimate four weeks after the end of the quarter. 525 more words

James Alexander

The economy behaved just a ‘prescribed’ by monetary policy

Econbrowser links to a study by Blinder and Zandi, who develop the counterfactual::

Or, one can appeal to extant estimates of multipliers to estimate how the economy…

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Monetary Policy

Why the recovery has been so weak: an extension

Kevin Drum posts:

I don’t really have any good hook for posting this chart, but it’s one of the most important ones you’ll ever see. 

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Monetary Policy