MacroMania

About a year ago, Jim Bullard criticized the argument that that the Fed was missing on both sides of its dual mandate. Mark Sadowski (who ...

A desirable property of a monetary instrument is that it holds its value over short periods of time. Most assets do not have this propert...

Krugman has an interesting article today, Monetary Policy in a Liquidity Trap . I (sort of) agree with much of it. But I believe that a few...

Well, here's an eyebrow raiser: Germans Among Poorest in Europe: ECB Study .  The paper is available here: The Eurosystem Household F...

My colleague, Fernando Martin , has an interesting chart that plots the real per capita GDP of five industrialized countries since 1991: ...

The Balance Sheet As everyone knows, the Fed's balance sheet has more than tripled since the financial crisis. Here is a look at the ...

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...