There is an excellent article on QE2 by Robert Barro (ht Greg Mankiw), I suggest you read it. However, there is one point – where it goes from descriptive to a little more forward looking about policy – where I might see things in a slightly different shade: The downside of QE2 is that it …
Monthly Archive: November 2010
Permanent link to this article: http://www.tvhe.co.nz/2010/11/29/qe2-is-the-fed-mistaken-on-purpose/
Nov
26
2010
A question to all
Why do policy makers care about this graph so much right now? (ht Roger Kerr) Specifically, my question to people is simply this three parter: Does this graph show an issue, If so, what is it? And if so, are their any changes that could improve matters? Some small thoughts of my own beneath the …
Permanent link to this article: http://www.tvhe.co.nz/2010/11/26/a-question-to-all/
Nov
24
2010
RBNZ report for savings working group
Is very good. Read it. I don’t agree with 100% of it, but I agree with the vast vast majority of it.
Permanent link to this article: http://www.tvhe.co.nz/2010/11/24/rbnz-report-for-savings-working-group/
Nov
22
2010
On the competitive devaluations
I like this post by Menzie Chinn at Econbrowser – primarily because I agree with it It is well worth a read on its own. I will however take some bits out for those who don’t want to leave right now:
Permanent link to this article: http://www.tvhe.co.nz/2010/11/22/on-the-competitive-devaluations/
Nov
22
2010
Psychics, data, theory, and economics
When Dr Bem’s study on psi was released, I chose to focus my discussion on how the study – if perfect and accepted – would give us a test of determinism vs free will. When I initially saw the study, two things entered my head – and were filled up during a coffee meeting with …
Permanent link to this article: http://www.tvhe.co.nz/2010/11/22/psychics-data-theory-and-economics/
Nov
19
2010
Why QE will (and should) lead to inflation past the Fed target
I think QE was necessary, and I think the Fed has done a good job implementing it. But one thing we have to be honest about is that it WILL, if it is done right, lead to inflation past the target at some point in the future. There are many ways we can view the …
Permanent link to this article: http://www.tvhe.co.nz/2010/11/19/why-qe-will-lead-to-inflation-past-the-fed-target/
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