Wednesday, September 25, 2013

Another look at the Koizumi boom

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In my previous post , I reported on the remarkably different trajectories that consumption and investment have taken in Japan since the Asi...
7 comments:
Tuesday, September 17, 2013

What's up with Japan? (G, evidently)

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There is a very interesting monetary policy experiment happening in Japan these days. The outcome of the project will surely be discussed i...
19 comments:
Friday, September 13, 2013

Confessions of a rehypothecating fractional reserve banker

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I've been trying to wrap my mind around the new 4-letter-word in finance: rehypothecation . I found out that it seems to be related t...
30 comments:
Saturday, September 7, 2013

Like a Good Neighbor: Evan Koenig on NGDP targeting

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Bill Woolsey  points me to a nice paper by Evan Koenig that provides a theoretical foundation for NGDP targeting: Like a Good Neighbor ....
30 comments:
Thursday, September 5, 2013

NGDP targeting and the Taylor Rule

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Chris Waller pointed out to me this morning that the NGDP target is formally equivalent to a special case of the Taylor rule. (Maybe this ...
19 comments:
Wednesday, September 4, 2013

The magic fairy NGDP wand

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It's been a good day of blogging. And it seems like the day has not ended yet. Scott Sumner posts his most recent reply to me here: Sec...
21 comments:

A reply to Sumner

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I figured that my previous post might stimulate an interesting debate on the relative merits of NGDP targeting. So far, I've only heard...
22 comments: