Note: Apologises for the lack of action here. If I was any busy I would become a singularity. Regular posting will eventually restart. Now for a post … Bernard Hickey recommended sticking to floating mortgages for the long haul on Rates blog recently. This is in stark contrast to Tony Alexander’s suggestion that, in a …
Category Archive: Monetary economics
Permanent link to this article: http://www.tvhe.co.nz/2010/03/16/fixed-and-floating-mortgage-rates-and-the-ocr/
Feb 24 2010
Seperation of monetary and financial stability issues
Economist’s View links to a post on the Vox EU site by Hans Gersbach. At the start of the post Mark Thoma states: I have argued many times that the Fed should have two roles. It should conduct monetary policy, and it should be the primary regulator of the financial system. However, not everyone agrees. …
Permanent link to this article: http://www.tvhe.co.nz/2010/02/24/seperation-of-monetary-and-financial-stability-issues/
Feb 03 2010
Strategy spaces and monetary policy
Over at Worthwhile Canadian Initiative, Nick Rowe suggests that central banks should find something else to discuss instead of interest rates. The analogy provided is that of oligopoly competition: namely how the Cournot-Nash and Bertrand games have exceedingly different outcomes, even though the only superficial difference is that one game involves choosing output and the …
Permanent link to this article: http://www.tvhe.co.nz/2010/02/03/strategy-spaces-and-monetary-policy/
Jan 18 2010
Minimum wage vs inflation: A TVHE discussion
We are sadly too busy to really post anything at the moment. As a result, to fill in time we will put up a recent discussion between TVHE writers. The one thing this conversation shows: we all agree that arbitrary policies that are introduced to indirectly target a problem (eg changing the minimum wage to …
Permanent link to this article: http://www.tvhe.co.nz/2010/01/18/minimum-wage-vs-inflation-a-tvhe-discussion/
Jan 08 2010
A note of caution for NZ
Things are generally looking better for New Zealand. Consumer, business, and forecaster expectations of growth have improved, our trading partners are stabilising, and financial markets are functioning. Yay. But one piece of data that leaves me a little cautious is the money stock data. The broadest measure of the money stock (M3) declined 2% on …
Permanent link to this article: http://www.tvhe.co.nz/2010/01/08/a-note-of-caution-for-nz/
Dec 29 2009
Uncertainty and asymmetric risks
Justin Wolfers says Charles Plosser is being a bit silly on the Freakonomics blog. Specifically he says that: Plosser says we should tighten more quickly than estimates of “slack” suggest, as the level of slack is uncertain, However, since slack is uncertain it could be higher or lower – so this doesn’t make sense unless …
Permanent link to this article: http://www.tvhe.co.nz/2009/12/29/uncertainty-and-asymmetric-risks/
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