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FT.com / Columnists / Martin Wolf - Central banks must target more than just inflation
FT.com / Columnists / Martin Wolf - Central banks must target more than just inflation
op Did inflation targeting fail? Central banks have mostly escaped blame for the crisis. Do they deserve to do so?
Inflation
Inflation
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 / Columnists / Martin Wolf - Why Obama’s conservatism may not prove good enough
FT.com / Columnists / Martin Wolf - Why Obama’s conservatism may not prove good enough
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 ...
Inflation and relative prices
Inflation and relative prices
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. ...

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