本石町日記

５月２１日・リンク

Cryptocurrencies’ challenge to central banks
Monetary policy and inequality: A new channel
How the broadcast media created mediamacro
「放送メディアはいかにしてメディアマクロをつくりだしたか」

５月１４日・リンク

“The ECB’s Strong Euro Problem”
How Futures Trading Changed Bitcoin Prices
Making (some) sense of cryptocurrencies: When payments systems redefine money
Initial Coin Scams
The threat of secular stagnation has not gone away
It's a (low inflation) trap!

５月７日・リンク

Is Marx Still Relevant?
Donald Trump’s Normal Fed
Employer Concentration and Stagnant Wages
Should the Fed Create ‘FedCoin’ to Rival Bitcoin? A Former Top Official Says ‘Maybe’
Is the economy overheating?

４月３０日・リンク

Asia's Central Banks and Sovereign Funds Are Back
Yield Curves Flattening in High Income Countries
U.S. inequality: It’s worse than we thought
The Era of Very Low Inflation and Interest Rates May Be Near an End
Serious Confusion on Currency and the Dollar at the NYT
Universal Central Bank Digital Currency?

４月２３日・リンク

China's "Currency Devaluation Game"
NYT Ignores Lower U.S. Food Prices as Benefit from Trump Trade War
If the World Economy Is Looking So Great, Why Are Global Policymakers So Gloomy?
Why Democracy Fails to Reduce Inequality: Blame the Brahmin Left
The Fed’s Asymmetric Forecast Errors

４月１６日・リンク

Using price-level targeting to escape the zero bound on nominal interest rates
The Roots of ‘Bubbly’ Recessions
物価水準の財政理論と非伝統的財政・金融政策：概観
Almost Zero: Why You’re Still Not Making Much on Your Bank Account
The Longest Expansions in U.S. History

４月９日・リンク

Will China Really Supplant US Economic Hegemony?
The dollar-euro exchange rate, 2016-2018
Thoughts on a Long-Run Monetary Policy Framework: Framing the Question
Thoughts on a Long-Run Monetary Policy Framework, Part 2: The Principle of Bounded Nominal Uncertainty
Thoughts on a Long-Run Monetary Policy Framework, Part 3: An Example of Flexible Price-Level Targeting
Thoughts on a Long-Run Monetary Policy Framework, Part 4: Flexible Price-Level Targeting in the Big Picture

４月２日・リンク

Immaculate Inflation Strikes Again
How does monetary policy affect the distribution of income and wealth?
Misconceptions about Trade Deficits
The Fed Needs to Challenge Itself

３月２６日・リンク

Monetary policy spillovers in the first age of financial globalisation: ripple or a riptide?
The Dollar’s Doldrums
What anchors inflation?
Oil prices do not affect inflation expectations after all
The Trump Boom Is Making It Harder to See the Next Recession

３月１２日・リンク

The Real Engine of the Business Cycle
The Blockchain Pipe Dream
The 2016 Sterling Flash Episode
Currency markets send a warning on the US economy
Janet Yellen: 10 quotes on her past and the economy