本石町日記

１２月９日・リンク

Fiscal policy cannot save the ECB
The ECB Needs a New Mandate
Government Debt Is Not a Free Lunch
Asia Still Lags When It Comes to FX Market Transparency...
How a Strong Job Market Has Proved the Experts Wrong

１２月２日・リンク

Who Pays the Tax on Imports from China?
Beyond the Phillips curve: Understanding low wage growth in the euro area
Demographics and technology explain secular stagnation and more
Chile’s insurgency and the end of neoliberalism
Is Job Switching on the Decline?

11月25日・リンク

Monetary Policy Transmission and the Size of the Money Market Fund Industry
Why Financial Markets’ New Exuberance Is Irrational
What Next for Unconventional Monetary Policies?
Should We Have Billionaires?
Private and Central Bank Digital Currencies

１１月１１日・リンク

The impact of negative interest rates on banks and firms
Automation and its enemies
Is Rising Concentration Hampering Productivity Growth?
The End of Neoliberalism and the Rebirth of History
Recession Fears Are Receding. That Doesn’t Mean They Were Unfounded.

１１月４日・リンク

Central banks and the sterilisation of capital flows in the first era of globalisation
The impact of the US-China trade war on Japanese multinational corporations
Stop Inflating the Inflation Threat
New Evidence Points to Mounting Trade Policy Effects on U.S. Business Activity
Jobs Are Plentiful. Big Pay Raises Aren’t.

１０月２８日・リンク

What can the MPC minutes tell us about the policymaker’s uncertainty?
The Phillips curve: Dead or alive
Objectives and boundaries of monetary policy: A Governor to renew the Bank of England’s monetary vows
Mafia infiltrations, firm performance, and local economic growth
A Puzzle in Japan’s Balance of Payments: What Explains Strong Foreign Demand for JGBs?

１０月２１日・リンク

Does U.S. Health Inequality Reflect Income Inequality—or Something Else?
Tariffs and monetary policy: A toxic mix
The ownership of central banks
Yield Curve Responses to Introducing Negative Policy Rates

１０月１４日・リンク

Strong economy, strong currency
Why Japan lost its comparative advantage in producing electronic parts and components
Introduction to Heterogeneity Series: Understanding Causes and Implications of Various Inequalities
Some Places Are Much More Unequal than Others
What does population ageing mean for net foreign asset positions?

１０月７日・リンク

The Repo Man Cometh
Perceiving risk wrong: what happens when markets misprice risk?
Recession Panic May Have Passed. But the Economy Is Still at Risk.
Japan's Government Will Soon Make a Profit on Its Huge Debt
Shadow FX Intervention in Taiwan
Multiple dimensions of ECB policy communication and their financial market effects

９月３０日・リンク

Jerome Powell’s Dilemma
Do Monetary Policy Announcements Shift Household Expectations?
Zero Lower Bound Risk according to Option Prices
Helicopter money as a policy option
A Closer Look at Japan's Rising Consumption Tax