本石町日記

８月１２日・リンク

Trump’s Deficit Economy
Big Tech’s Harvest of Sorrow?
Just say no to exchange rate intervention
Progress on a persistent puzzle
Yes, There Is a Trade-Off Between Inflation and Unemployment

８月５日・リンク

The international evidence on forward guidance
Central Banks Are the Fall Guys
Is Politics Getting to the Fed?
The Invention of Money
Why Rate Cuts Don’t Help Much Anymore

７月２９日・リンク

The IMF (Still) Cannot Quit Fiscal Consolidation…
Why Critics of a More Relaxed Attitude on Public Debt Are Wrong
The Great Crypto Heist
Modern money theory and its implementation and challenges: The case of Japan
Judy Shelton Confuses Me

７月２２日・リンク

From Policy Rates to Market Rates—Untangling the U.S. Dollar Funding Market
The Flattening of the Phillips Curve: Policy Implications Depend on the Cause
Goldbugs for Trump
Why Is Inflation Low Globally?
The Continuing Chinese Drag on the Global Economy

７月１５日・リンク

Redefining money in a digital age
Digital currency areas
Mysteries of Monetary Policy
Thumbs Down to Facebook’s Cryptocurrency
The June Jobs Report and the State of the Economy

７月８日・リンク

Interest Rates Just Keep Falling. Economic Orthodoxy Is Falling With Them.
How the US economy’s luck runs out
Judy Shelton Confuses Me: On Interest Rates, Currency Manipulation

７月１日・リンク

Three observations about current monetary policy
Libra: not a currency board and (maybe) not a stable currency
Trade and Exchange Rates
How Large Are Default Spillovers in the U.S. Financial System?
Consumers’ and Economists’ Differing Inflation Views Can Complicate Policymaking
Is Slow Still the New Normal for GDP Growth?
The Case for Strengthening Automatic Fiscal Stabilizers

６月２４日・リンク

Three Recommended Changes to U.S. Currency Policy
The Old Japan Disaster Horror Story
Bitesize: The travels of Montagu Norman
The Trumpification of the Federal Reserve
財政赤字の不可欠性とコントロール

６月１７日・リンク

Japan: The Challenges of Aging, Slow Growth, and Government Debt
If you want a peek at the future, try looking at Japan. You may not like what you see.
Oh No, Japan Is Running Out of People!
“Remembering Martin Feldstein”
Are Markets Becoming Less Competitive?

６月１０日・リンク

Why Is the Fed’s Balance Sheet Still So Big?
All bark but no bite? What does the yield curve tell us about growth?
It’s tempting for the Fed to move slowly. That would be a grave error.
Gangs of London – How globalisation and drill supercharged a surge in violence