tag:blogger.com,1999:blog-5713178645208582139.post4200158316873338319..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: What Successful and Unsuccessful Monetary Policy Look LikeDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-5713178645208582139.post-38168584388005527202011-10-15T14:25:58.015-05:002011-10-15T14:25:58.015-05:00Swedish NGDP is now 10% below trend. Not very impr...Swedish NGDP is now 10% below trend. Not very impressive.<br /><br />http://blog.ngdp.info/2011/10/swedish-nominal-gdp-far-below-trend.htmlPeterhttps://www.blogger.com/profile/04082787737165728506noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-91833443342312226312011-07-14T09:07:32.455-05:002011-07-14T09:07:32.455-05:00This post is correct, but if you're going to l...This post is correct, but if you're going to link to Yglesias on Sweden you should join me in debunking the myth that he's propagating that Sweden charged a negative interest rate to banks, spurring lending. <br /><br />This did not happen. There are things to be learned from Sweden's monetary policy but we should learn the facts about what happened and not things that bloggers and Anonymoushttps://www.blogger.com/profile/13829102073305209917noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-65964432674881940092011-06-30T11:32:00.381-05:002011-06-30T11:32:00.381-05:00Here is GDPn for Poland added to the above graph.
...Here is GDPn for Poland added to the above graph.<br />http://research.stlouisfed.org/fred2/graph/?g=Y4Richard A.https://www.blogger.com/profile/02266854778511339492noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-74137757758291346432011-06-30T09:56:36.629-05:002011-06-30T09:56:36.629-05:00Here is a graph of nominal GDP for both the US and...Here is a graph of nominal GDP for both the US and Sweden. The left hand scale is in centinepers. Blue is Sweden, red is US.<br />http://research.stlouisfed.org/fred2/graph/?g=XVRichard A.https://www.blogger.com/profile/02266854778511339492noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-80432889081022181072011-06-30T00:00:54.763-05:002011-06-30T00:00:54.763-05:00US monetary policy has been extremely successful f...US monetary policy has been extremely successful from the point of view of the groups it was meant to help. The weightings in the social welfare function in Sweden are rather different from that in America, I surmise. <br />Every country's citizens gets the govt they deserve so they say.ecbnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-83017369562519328282011-06-29T21:23:18.663-05:002011-06-29T21:23:18.663-05:00"Swedish authorities also were not afraid to ..."Swedish authorities also were not afraid to see their currency depreciate."<br /><br />So was most of the improvement about increasing net exports?<br /><br />What happens when most economies have too much debt problems and try to net export their way out of trouble at about the same time?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-19426798123597544382011-06-29T14:47:08.651-05:002011-06-29T14:47:08.651-05:00Poland's nominal GDP from FRED--
http://resear...Poland's nominal GDP from FRED--<br />http://research.stlouisfed.org/fred2/graph/?g=Xq<br /><br />The vertical spacing between each horizontal line is 20cNp.<br /><br />Noticed how they missed out on the Great Recession. It can be done.Richard A.https://www.blogger.com/profile/02266854778511339492noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-39278925257620846812011-06-29T14:31:49.587-05:002011-06-29T14:31:49.587-05:00My first post has a bad link. Here is the correcte...My first post has a bad link. Here is the corrected link for Sweden's GDPn from FRED--<br />http://research.stlouisfed.org/fred2/graph/?g=XnRichard A.https://www.blogger.com/profile/02266854778511339492noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-45209681283538492242011-06-29T13:59:09.619-05:002011-06-29T13:59:09.619-05:00FRED has a great deal of economic data for Sweden....FRED has a great deal of economic data for Sweden.<br />http://research.stlouisfed.org/fred2/categories/32278<br /><br />Here from FRED is GDPn for Sweden-<br />http://research.stlouisfed.org/fred2/graph/?id=SWEGDPNQDSMEI<br /><br />The log scale is turned on.The vertical spacing between each horizontal line is<br /><br />ln(544.6/492.7)*100=10 centinepers<br /><br />From 1993 to 2008, Swedens Richard A.https://www.blogger.com/profile/02266854778511339492noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-37401894376473832622011-06-29T13:18:29.887-05:002011-06-29T13:18:29.887-05:00David
This post tells the story of an even more su...David<br />This post tells the story of an even more succesfull monetary policy!<br />http://thefaintofheart.wordpress.com/2011/02/27/poland-didn%c2%b4t-miss-many-beats/João Marcushttps://www.blogger.com/profile/13658264244033012660noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-39325218962212350192011-06-29T13:08:47.564-05:002011-06-29T13:08:47.564-05:00Terrific post. This should be an op-ed in the WSJ...Terrific post. This should be an op-ed in the WSJ. I hope you submit it as such.<br /><br />Actually, this should be chiseled in granite outside the Fed, White House and Congress.<br /><br />Or, we can move to Sweden.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-78294394118346582662011-06-29T11:38:08.904-05:002011-06-29T11:38:08.904-05:00The Riksbank pays a positive interest on reserves ...The Riksbank pays a positive interest on reserves and did throughout the entire crisis (note that there are no reserve requirements in Sweden). The negative interest thing is just a myth (it was for a single facility for a short time and there was never any significant use of this facitlity).Fredriknoreply@blogger.com