ft.com - 5/6/2009
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op Did inflation targeting fail? Central banks have mostly escaped blame for the crisis. Do they deserve to do so?
accruedint.blogspot.com - 5/5/2009
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accruedint.blogspot.com —
Alright so the Fed isn't going to defend
the 10yr at 3% , and in fact appears...
to be targeting the belly of the yeild curve. That doesn't change the fundamental problem of deflation. Near term, based entirely on technicals, I've made a small ...
(more)
Inflation
ft.com - 5/13/2009
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ft.com —
Pinn illustration “If we want things to stay
as they are, things will have to change.” Thus...
wrote the Sicilian writer Giuseppe di Lampedusa, in The Leopard . This seems to me the guiding principle of the Obama presidency. To many Americans, he seems a ...
(more)
FT.com / Columnists / Martin Wolf - Why Obama’s ...
econbrowser.com - 5/10/2009
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econbrowser.com —
There are persuasive reasons why we'd be better
off today with an inflation rate higher than what...
we've seen over the last six months . But while a uniform expansion that raised all wages and prices by the same amount would be helpful, what the Fed ...
(more)
Inflation and relative prices
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FT Alphaville —
Comment, analysis and other offerings from Wednesday’s FT, FT cartoon Central banks must target more than just inflation FT columnist Martin Wolf writes : Just over five years ago, Ben Bernanke gave a speech on the “Great Moderation” - the declining volatility of inflation and output over the previous two decades. In this he emphasised the beneficial role of improved monetary policy. Central bankers felt proud of themselves. Pride went before a fall. Today, they are struggling with the deepest recession since the 1930s, a banking system on government life-support and the ...
links for 2009-05-06
Economist's View —
... Staying the Course . . . Toward 1990s Japan? - The Hearing
Central banks must target more than just inflation - Martin Wolf ...
Inflation targeting: some questions
Stumbling and Mumbling —
... Martin Wolf thinks this crisis represents a “disaster” for monetary policy, and that central banks in future should do more than just target inflation. I’m not sure. I’ve got six questions here. ...
The last chance for fiat money
The Mess That Greenspan Made —
Martin Wolff writes a compelling commentary in the Financial Times about the failure of monetary policy in recent years, oddly, naming current Fed chief Ben Bernanke but not his predecessor in the process. ...
Related Content
FT.com / Columnists / Martin Wolf - Why Britain has to curb finance
ft.com 5/22/2009 — The UK has a strategic nightmare: it has a strong comparative advantage in the world’s most irresponsible industry. So now, in the wake of the biggest financial crisis since the 1930s, the UK must ask itself a painful question: how should the country ...
What an inflation targeting central bank would say
tvhe.co.nz 8/4/2009 — The RBA just left rates unchanged and they said:
Inflation is gradually moderating, given the earlier decline in energy and commodity prices, and the effects of weaker demand on prices and labour costs. Given the current prospects for demand and output, this moderation should continue over ...
Independent Central Banks and Inflation
marginalrevolution.com 7/20/2009 — A number of prominent economists have signed a petition calling for " Congress and the Executive Branch to reaffirm their support for and defend the independence of the Federal Reserve System." The petition is disingenuous. ...
"A Long Way to Inflation"
economistsview.typepad.com 6/17/2009 — Andy Harless says we're not even close to experiencing an outbreak of
inflation:
A Long
Way to Inflation, by Andy Harless : Most of the media seem to have
interpreted today’s lower-than-expected increase in the producer price index as
good ...
Time to Tame Inflation Is Before It Strikes
online.wsj.com 6/29/2009 — Insurance is often most worth having when it seems least necessary. Right now, you might feel you don't need any insurance against a rise in the cost of living. Inflation, as measured by the Consumer Price Index, is running at negative-1.3% over the ...