Meta
Categories
- accounting
- Announcements
- architecture
- art
- auctions
- bailouts
- banking
- bankruptcy
- ben stein watch
- blogonomics
- bonds and loans
- charts
- china
- cities
- climate change
- commercial property
- commodities
- consumers
- consumption
- corporatespeak
- credit ratings
- crime
- Culture
- Davos 2008
- Davos 2009
- defenestrations
- demographics
- derivatives
- design
- development
- drugs
- Econoblog
- economics
- education
- emerging markets
- employment
- energy
- entitlements
- eschatology
- euro
- facial hair
- fashion
- Film
- Finance
- fiscal and monetary policy
- food
- foreign exchange
- fraud
- gambling
- geopolitics
- governance
- healthcare
- hedge funds
- holidays
- housing
- humor
- Humour
- iceland
- IMF
- immigration
- infrastructure
- insurance
- intellectual property
- investing
- journalism
- labor
- language
- law
- leadership
- leaks
- M&A
- Media
- milken 2008
- Not economics
- pay
- personal finance
- philanthropy
- pirates
- Politics
- Portfolio
- prediction markets
- private banking
- private equity
- privatization
- productivity
- publishing
- race
- rants
- regulation
- remainders
- research
- Restaurants
- Rhian in Antarctica
- risk
- satire
- science
- shareholder activism
- sovereign debt
- sports
- statistics
- stocks
- taxes
- technocrats
- technology
- trade
- travel
- Uncategorized
- water
- wealth
- world bank
Archives
- March 2023
- August 2022
- July 2022
- June 2022
- May 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- December 2012
- August 2012
- June 2012
- March 2012
- April 2011
- August 2010
- June 2010
- January 2010
- December 2009
- September 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
- March 2006
- February 2006
- January 2006
- December 2005
- November 2005
- October 2005
- September 2005
- August 2005
- July 2005
- June 2005
- May 2005
- April 2005
- March 2005
- February 2005
- January 2005
- December 2004
- November 2004
- October 2004
- September 2004
- August 2004
- July 2004
- June 2004
- May 2004
- April 2004
- March 2004
- February 2004
- January 2004
- December 2003
- November 2003
- October 2003
- September 2003
- August 2003
- July 2003
- June 2003
- May 2003
- April 2003
- March 2003
- February 2003
- January 2003
- December 2002
- November 2002
- October 2002
- September 2002
- August 2002
- July 2002
- June 2002
- May 2002
- March 2002
- February 2002
- January 2002
- December 2001
- November 2001
- October 2001
- September 2001
- August 2001
- July 2001
- June 2001
- May 2001
- April 2001
- March 2001
- February 2001
- January 2001
- December 2000
- September 2000
- July 2000
- March 2000
- July 1999
Category Archives: fiscal and monetary policy
Australia: Ahead of the Regulatory Curve
Which country is most ahead of the regulatory curve these days? A couple of
recent developments suggest that it might be Australia.
Continue reading
Posted in fiscal and monetary policy, M&A, regulation
Comments Off on Australia: Ahead of the Regulatory Curve
Rescuing Libor
The credit crunch started in the subprime market, but it seems that nowadays it’s most visible, and most problematic, in the money market.
Continue reading
Posted in fiscal and monetary policy
Comments Off on Rescuing Libor
A Call for Central Bankers to Hang Tough
Yves Smith at Naked Capitalism submits: With today’s weak non-farm payrolls report, financial markets participants have turned up the volume on their calls to the Fed to lower interest rates. Even Barney Frank, chairman of the House Financial Services Committee, … Continue reading
Posted in fiscal and monetary policy
1 Comment
Brad DeLong Argues That Central Banks Should Cut Interest Rates
Yves Smith at Naked Capitalism submits: It’s always dangerous for mere mortals to take issue with Serious Economists, but let’s start with Professor of Economics at U.C Berkeley Brad DeLong’s thesis (hat tip Mark Thoma): The fact that there is … Continue reading
Posted in banking, bonds and loans, economics, fiscal and monetary policy
Comments Off on Brad DeLong Argues That Central Banks Should Cut Interest Rates
Bundesbank President Weber vs. White House on Housing Crisis
Yves Smith at Naked Capitalism submits: Apologies for the heavy reliance on the Financial Times today, but the pickings elsewhere are meager indeed. The FT has an interesting juxtaposition of stores on its website tonight. The lead story, from the … Continue reading
Posted in banking, bonds and loans, fiscal and monetary policy, housing, regulation
Comments Off on Bundesbank President Weber vs. White House on Housing Crisis
Fed Governor Mishkin Urges Swift Action to Combat Housing Price Decline
Yves Smith at Naked Capitalism submits: In a paper presented at the Fed’s Jackson Hole conference, Federal Reserve governor Frederic Mishkin urged central bankers to respond quickly and aggressively to large falls in housing prices, arguing that it was less … Continue reading
Posted in banking, bonds and loans, fiscal and monetary policy, housing
1 Comment
Commercial Paper Market Still in Distress
Yves Smith at Naked Capitalism submits: Bloomberg tells us that the commercial paper market is shrinking rapidly. This is a more serious issue than might appear. Commercial paper is an important, if not the most important, source of short-term funding … Continue reading
Posted in banking, bonds and loans, fiscal and monetary policy, regulation
Comments Off on Commercial Paper Market Still in Distress
Martin Wolf Takes Bernanke to the Woodshed
Yves Smith at Naked Capitalism submits: Oh, I do so enjoy it when the Financial Times’ chief economics editor, the normally measured and thoughtful Martin Wolf, works himself into a lather. Wolf blasts what he reads as the Fed’s vow … Continue reading
Posted in fiscal and monetary policy, Politics, regulation
Comments Off on Martin Wolf Takes Bernanke to the Woodshed
Has Smoke and Mirrors Worked?
Yves Smith at Naked Capitalism submits: In an inspired bit of stagecraft, Senate Banking Committee Chairman Christopher Dodd reported today on a meeting with Fed chairman Ben Bernanke and Treasury secretary Henry Paulson that the Fed stood ready to use … Continue reading
Posted in banking, bonds and loans, fiscal and monetary policy, Politics, regulation
Comments Off on Has Smoke and Mirrors Worked?
Did Bernanke Make a “Rookie Mistake?”
Yves Smith of Naked Capitalism submits: A Bloomberg story, in what may be becoming conventional wisdom, charges Federal Reserve Chairman Ben Bernanke with making a novice’s error: By lowering the discount rate and issuing a statement conceding threats to the … Continue reading
Posted in fiscal and monetary policy, regulation
Comments Off on Did Bernanke Make a “Rookie Mistake?”
Rate Cut Linkfest
Some links to good posts on the Fed’s latest move.
Continue reading
Posted in fiscal and monetary policy
Comments Off on Rate Cut Linkfest
The Fed Kills the Shorts?
Traders were supposedly heavily on the put side today, an options expiration day, so the stock market response to the Fed’s discount rate cut seems surprisingly subdued.
Continue reading
Posted in banking, fiscal and monetary policy, regulation, stocks
Comments Off on The Fed Kills the Shorts?
Pearlstein Looks for a Fed Bailout
If financial markets are frothy for a while and then revert to sensible levels
– but don’t overshoot – then does that constitute a fully-blown
financial crisis?
Continue reading
Posted in economics, fiscal and monetary policy
Comments Off on Pearlstein Looks for a Fed Bailout
Chart of the Day: Fed Funds
Who says that the Fed hasn’t cut the Fed funds rate between meetings?
Continue reading
Posted in charts, fiscal and monetary policy
Comments Off on Chart of the Day: Fed Funds
How The Fed Can Avoid Cutting Interest Rates
I like the idea of the Fed cutting its discount rate – which is currently at 6.25% – rather than the Fed funds rate.
Continue reading
Posted in fiscal and monetary policy
Comments Off on How The Fed Can Avoid Cutting Interest Rates
Fed Announces It Will Do Its Job
Over the course of the Great Moderation, a lot of people forgot the difference
between the Fed funds target rate (that’s the number set at FOMC meetings) and
the actual Fed funds rate (the actual, real, interest rate). No one forgot about
that difference this morning, when the Fed funds rate was standing
at 6%.
Continue reading
Posted in fiscal and monetary policy
Comments Off on Fed Announces It Will Do Its Job
Abolish Mortgage-Interest Tax Deduction, But Not Now
Matt Cooper is 100% right, today, when he says that we should
abolish
the mortgage-interest tax deduction.
Continue reading
Posted in fiscal and monetary policy, housing, Politics
Comments Off on Abolish Mortgage-Interest Tax Deduction, But Not Now
Why Fed Funds Futures Might Not Reflect Fed Expectations
To
get an idea of where the market thinks that the Fed is going to be in six or
nine months, all you need to do is look at the Fed funds futures contract. Right?
Maybe
not.
Continue reading
Posted in derivatives, fiscal and monetary policy
Comments Off on Why Fed Funds Futures Might Not Reflect Fed Expectations
Why the Subprime Mess Doesn’t Require a Fed Rate Cut
Brad DeLong has
capitulated.
Continue reading
Posted in fiscal and monetary policy, housing
Comments Off on Why the Subprime Mess Doesn’t Require a Fed Rate Cut
The Fed Chairman Always Votes With the Majority
Why the need for the Fed chairman always to be in the majority? I can’t think of a single good reason, and in fact I’m having difficulty even coming up with bad reasons.
Continue reading
Posted in fiscal and monetary policy
Comments Off on The Fed Chairman Always Votes With the Majority
Larry Summers: The Pundit Without Policies
Summers falls short of promulgating economic policies which might reduce inequality.
Continue reading
Posted in fiscal and monetary policy, technocrats
Comments Off on Larry Summers: The Pundit Without Policies
Closing Private-Equity Tax Loopholes
There’s really no reason why hedge fund managers and private-equity billionaires deserve the kind of tax treatment that they’re basking in at the moment.
Continue reading
Posted in fiscal and monetary policy, hedge funds, private equity
Comments Off on Closing Private-Equity Tax Loopholes
Taxing Paris Hilton
Paris Hilton is actually a money-making machine.
Continue reading
Posted in fiscal and monetary policy
Comments Off on Taxing Paris Hilton
Fed: Still Credible
The market increasingly sees a rate hike as possible, but it’s a long way from seeing a rate hike as necessary. The Fed is still ahead of the curve here, which means that its credibility, at least for the time being, is not at issue.
Continue reading
Posted in fiscal and monetary policy
Comments Off on Fed: Still Credible
On Central Bankers’ Circumspection
Greenspan was never very good at explaining what he was doing when he did have power.
Continue reading
Posted in fiscal and monetary policy
Comments Off on On Central Bankers’ Circumspection