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www.moneyandbanking.com | ||
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libertystreeteconomics.newyorkfed.org
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| | | | | The debate about the natural rate of interest, or r*, sometimes overlooks the point that there is an entire term structure of r* measures, with short-run estimates capturing current economic conditions and long-run estimates capturing more secular factors. The whole term structure of r* matters for policy: shorter run measures are relevant for gauging how restrictive or expansionary current policy is, while longer run measures are relevant when assessing terminal rates. This two-post series covers the ev... | |
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croakingcassandra.com
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| | | | | Former chairman of the Federal Reserve Board of Governors (and FOMC) Ben Bernanke was yesterday the first of two keynote speakers at the Reserve Bank's conference to mark 35 years of inflation targeting, which first became a formalised thing here in New Zealand. He indicated that he'd be speaking about inflation targeting in general and... | |
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www.clevelandfed.org
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| | | | | The recent global financial crisis left governments in many advanced countries with very heavy debt burdens and their central banks with huge portfolios of government bonds. With many central banks today still facing policy rates that are uncomfortably close to zero, some may follow the example of Japan, which recently added a new long-term interest-rate target to its short-term target to give itself "yield-curve control." The Federal Reserve's foray into similar territory around the Second World War sug... | |
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www.presidency.ucsb.edu
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| | | [AI summary] Lyndon B. Johnson delivers the 1968 State of the Union address, discussing the Vietnam War, global relations, and domestic policy proposals including job creation, urban renewal, and crime control. | ||
