tag:blogger.com,1999:blog-5713178645208582139.post6500517876340761364..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: Gresham's Law in the Eurozone, AgainDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5713178645208582139.post-5080907734678868672011-04-26T15:21:37.623-05:002011-04-26T15:21:37.623-05:00A blog about reducing interest paid on reserves ma...A blog about reducing interest paid on reserves may be worthy now.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-86503110872632491802011-04-22T16:09:51.739-05:002011-04-22T16:09:51.739-05:00Off topic: David, since the Fed has actually been ...Off topic: David, since the Fed has actually been conducting tight monetary policy since 2008, perhaps we should start calling their policy quantitative squeezing.Lee Kellynoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-14165527489479254042011-04-20T01:07:48.275-05:002011-04-20T01:07:48.275-05:00To say that having the Fed target NGDP will solve ...To say that having the Fed target NGDP will solve the problem is like saying that having a car driver target 50 mph will result in achieving 50 mph when the car has two flat tyres and an empty gas tank. I agree that NGDP is a good target, but I doubt that “more of the same” from the Fed will achieve much given that the US already has near zero interest rates and billions of dollars worth of QE. <Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-74882894160855924672011-04-19T06:38:04.682-05:002011-04-19T06:38:04.682-05:00Perhaps it is only my own ignorance, but I read
In...Perhaps it is only my own ignorance, but I read<br /><i>In Ireland, there has been a “silent bank run” on financial institutions for much of the last year. In February, for instance, Irish private sector deposits dropped at an annual rate of 9.8 percent. That’s largely because some depositors doubt the commitment of the Irish government to the euro.</i><br />... and I want to ask: how does one greg byshenknoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-87910350180414586312011-04-18T21:17:34.605-05:002011-04-18T21:17:34.605-05:00In the 19th century in the US, bank notes from dif...In the 19th century in the US, bank notes from different banks would often not exchange at par. US is still a viable entity. For the time being.ecbnoreply@blogger.com