MacroMania

Saturday, January 19, 2013

Is it time for the Fed to raise its policy rate?

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What would happen if the Fed was to adopt a different policy rule--one that entailed an immediate increase in its policy rate? The effect o...
16 comments:
Friday, December 28, 2012

On the perils of Taylor rules

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In the  Seven Faces of "The Peril"  (2010), St. Louis Fed president Jim Bullard speculated on the prospect of the U.S. falling i...
15 comments:
Thursday, December 20, 2012

The hawkish nature of the Evans Rule

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From Bloomberg Business week: The Fed Turns Aggressively Dovish with 'Evans Rule' The headline above seems to capture the gene...
11 comments:
Wednesday, November 21, 2012

Shadow Banking

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The Arrow-Debreu model  provides the foundation for modern macroeconomic theory and the theory of finance. This is probably as it should ...
23 comments:
Tuesday, October 23, 2012

No more bubble talk (please!)

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I am currently at the  Institute of Advanced Studies in Vienna, which hosts one of the best little macro conference in Europe: The Vienna ...
30 comments:
Monday, September 24, 2012

How Canada Saved Its Bacon

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Interesting to see that Canada's former finance minister (and prime minister) Paul Martin issuing a "stern warning" to U.S....
6 comments:
Thursday, September 20, 2012

Is the Fed missing on both sides of its dual mandate?

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With the unemployment rate still above 8% and some inflation measures below 2%, many people argue that the Fed is "missing on both sid...
15 comments:
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David Andolfatto
Disclaimer: The views and opinions expressed by me in this blog are my own and should in no way be attributed to the Federal Reserve Bank of St. Louis, or to the Federal Reserve System.
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