Bond markets are finally getting interesting, with the Bank of England launching emergency purchases to restore order in the gilt market. Since I am not in constant contact with people trading gilts, I will just offer a tentative description of what seems to be going on, and what…
2
I was passed a link to the paper “Exchange Rate and Inflation under Weak Monetary Policy: Turkey Verifes Theory” by Gürkaynak, Refet S. and Kısacıkoğlu…
2
I normally stay away from commentary on budget statements, in that the analysis is mainly political in nature. In recent decades, the macro fiscal…
2
I have been looking at The Moorad Choudry Anthology: Past, Present and Future Principles of Banking and Finance (as the title suggests, by Moorad…
3
The CPI report in the United States was a horror show for Team Transitory. Although there were other areas with jumpy prices (e.g., food prices), I…
2
Although I am supposed to be working on some material on banking, I have been distracted by the flood of news out of Ukraine. Although there is always…
2
Bank reserves feature prominently in Economics 101 discussions of banking. As is entirely typical for Economics 101 macroeconomics, the topic is either…
2
There has been an ongoing push for a switch to nominal GDP targeting by Market Monetarists and some mainstream allies. Although I agree that being able…
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