Imagine the ECB had not raised its interest rate target in 2008 and 2011, but had lowered it. Also imagine the ECB began its open-ended QE ...

Long-term treasury interest rates are falling again with the 10-year treasury briefly dipping below 2% this week. Some observers see this ...

Should the Federal Reserve should eliminate cash as a way to avoid the zero lower bound (ZLB) problem? Ken Rogoff says yes in a  recent  pa...

Marc Andreessen recently  looked at the arguments for and against secular stagnation. He cited my Washington Post article when examining t...

Paul Krugman disagrees with a point I made in my last post. Specifically, he takes issue with my claim that a monetary regime change is ne...

My last post made the argument that monetary base injections at the zero lower bound (ZLB) can be effective if they are permanent. I also ...

The Fed has a dirty little secret, one it has closely guarded over the past six years of unconventional monetary policy. This secret h...