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Wednesday, July 30, 2014

Revisiting the Great Experiment of 2013

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Now that the revised 2013 GDP numbers are out it is worth revisiting the debate surrounding the 'Great Experiment' of 2013. It star...
3 comments:
Monday, July 28, 2014

The Other Important Legacy of World War One

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One hundred years ago today World War I (WWI) began. On this anniversary there has been a lot of discussion about the war and its implicati...
2 comments:
Thursday, July 24, 2014

A Surprising Look Back at the Fed's QE Programs

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The Fed's QE3 program is scheduled to end later this year. This will bring to a close the Fed's five year experiment with QE progra...
4 comments:
Wednesday, July 23, 2014

Insure Against Central Bank Incompetence: My Reply to the New Keynesian Strikeforce

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Apparently, it is open season on market monetarists. The red dots you see on our chest are from the laser scopes on the new keynesian guns ...
10 comments:
Tuesday, July 15, 2014

Follow up to My Washington Post Piece on Secular Stagnation

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I have an new article in the Washington Post where I make the case against secular stagnation. My argument is based on three observations....
8 comments:
Monday, July 14, 2014

The Data Problem with the Natural Interest Rate Debate and How to Fix It.

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Many observers claim the Fed has been keeping interest rates artificially low over the past five years. They contend this low-interest rate...
5 comments:
Friday, July 11, 2014

It's Time for the Fed to Move Beyond Inflation Targeting (and Officialy Do what Israel and Australia are Unofficially Doing)

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I have a new policy paper that argues inflation targeting has passed its expiration date. Here is the title and abstract: Inflation Tar...
5 comments: