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Macro and Other Market Musings

Friday, May 9, 2008

Friday Special


Links
1. The Fed Funds Rate is below the Neutral Rate
2. More "Two Quarters GDP Decline = Recession" Nonsense
3. Mohamed El-Erian on the New Global Economy
4. Only Halfway through the Housing Recession?
5. Breaking the Hold of the U.S. Monetary Hegemon

Posted by David Beckworth at 8:54 AM
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About Me

David Beckworth
I am an assistant professor of economics at Texas State University in San Marcos, Texas. I am using this blog as an outlet to express my ideas, concerns, and questions on macroeconomics and markets.
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Blog Archive

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    • ►  May (7)
      • Flexible Inflation Targeting Is Just Fine
      • A Dereliction of Duty
      • It Is Never Too Late: Global Economic Collapse Edi...
      • Fed Nominees, the Natural Interest Rate, and Safe ...
      • Monetary Policy Change James Hamilton Can Believe ...
      • The Best Fed News of the Week
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    • ►  April (6)
      • Bernanke: "Read My Lips, Not My Japan Papers!"
      • The Bernanke Conundrum and Level Targeting
      • Obama Needs His FDR Moment
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      • Is There Really An Aggregate Demand Problem?
      • John Taylor Reveals His Inner Market Monetarism
    • ►  March (9)
      • Germany Stiffs the ECB
      • Economic Bloggers Forum
      • The Most Important Idea Bernanke Did Not Discuss i...
      • Inconvenient Studies
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      • Don't Worry, Be Happy: Treasury Yield Edition
      • Eeyore and Tigger Show the Failings of U.S. Moneta...
      • Greg Ip on Safe Assets as Money
      • The "What Would Milton Friedman Say?" Whack-A-Mole...
    • ►  February (11)
      • Chart of the Day
      • This is What Ails Europe
      • What is Money?
      • NGDP Targeting News Roundup
      • Where Angels Fear To Tread
      • Christina Romer: We Need A Regime Change at the Fe...
      • The New York Fed Acknowledges the Fed's Superpower...
      • Ramesh Ponnuru, Ron Paul, and the Gold Standard
      • Some Thoughts for St. Louis Fed's James Bullard
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      • The Cyclical Dimension of the Safe Asset Problem
    • ►  January (16)
      • If Only Bloggers Ran the Fed...
      • Yes, the Fed Still Has a Communication Problem
      • The FOMC Confuses Me
      • The Shining Star of Europe?
      • The Fed's Long-Term Interest Rate Forecast May Bac...
      • How to Fix the ECB's Communication Problem
      • Hey Newt, We Need Sound Money Not Hard Money
      • James Pethokoukis on NGDP Targeting
      • Did Fed Policy Matter to Housing Prices?
      • Pushback on the FOMC Transcript Hysteria
      • A Graph for Mario Draghi and the ECB to Ponder
      • Is There Really A German Bias at the ECB?
      • Weekend Macro Musings
      • FOMC Decides to Focus on the Rudder, Not the Desti...
      • Market Monetarism in The Telegraph
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      • Credit Addiction
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      • It's Not Easy Being Number One
      • More Julian Simon, Less Thomas Malthus Please
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      • Debunking the 'Liquidationist' Myth
      • How the Fed Can Minimize Asset Bubbles
      • Friday Special
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      • Up, Up, and Away!
      • No Recession in 2008?
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      • Considering the Consequences
      • Labor Market Dynamics
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Some NGDP Targeting Pieces

(1) A Nominal GDP Target Would Narrow the Fed's Mandate.
(2) How Nominal GDP Targeting Would Work.
(3) The Case for Nominal GDP Targeting.
(4) Thoughts on the Tyler Cowen-Scott Sumner Debate. 
(5) Why a Nominal GDP Level Target Trumps a Price Level Target.
(6) Target the Cause Not the Symptom.