economistsview.typepad.com - 4/3/2009
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Simon Johnson and James Kwak argue that Ben Bernanke is "radically redefining
his institution," and that his "willingness to pump money into the economy risks
unleashing the most serious bout of U.S. inflation since the early 1980s, in a
nation already battered by rising ...
washingtonpost.com - 4/9/2009
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washingtonpost.com —
This chairman set out to lead as a
civil servant rather than a celebrity economist. Facing a...
thundering financial collapse, he has reinvented the Federal Reserve. By invoking emergency powers, Ben Bernanke has drawn criticism. He has transcended usual ...
(more)
How Bernanke Staged a Revolution
calculatedriskblog.com - 4/4/2009
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calculatedriskblog.com —
It looks like the FDIC cancelled Friday ...
From Simon Johnson and James Kwak of Baseline Scenario...
writing in the WaPo: The Radicalization of Ben Bernanke ... Shortly after joining the Fed in 2002, Bernanke gave a speech describing how the Fed could ...
(more)
Inflation vs. Deflation
baselinescenario.com - 4/6/2009
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baselinescenario.com —
There are two ways to think about inflation
in today’s economy. The first, suggested by conventional macroeconomic...
frameworks for the US, is that, with rising unemployment and actual output sinking further below “potential” output, inflation will stay low - and we could ...
(more)
Inflation Prospects In An Emerging Market, Like The U.S.
Comments
Blog Reactions
Social Security: Real vs Nominal
winterspeak.com —
... to put to work. The problem of falling aggregate demand is entirely *nominal* -- people do not have enough zeros after whatever number is in their bank account. Solution: add a zero to every bank account. Or stop uncreating money through a payroll tax holiday. Whatever, it's a nominal problem, not a real problem. If you go to a third world country, you'll see real problems there. Instead, the Obama administration, keep engaging in a number of increasingly expensive and deceitful practices to increase the number of zeroes in the accounts of bankers. This is ...
Friday links: thesis is still intact
Abnormal Returns —
... Can the Fed keep inflationary expectations “tethered”? (Economist’s View) ...
Inflation vs. Deflation
Calculated Risk —
... line: I reiterate my concerns that the media and market participants are using the term "quantitative easing" too loosely. I understand that this complaint falls on largely deaf ears. If Bernanke is using quantitative easing to boost inflation expectations, then I think we need to seriously address the likely ineffectiveness of any such policy when Fed officials repeatedly promise to shrink the balance sheet in the future. Mark Thoma at Economist's View has more: Inflation and the Fed This is, in essence, a question about whether inflation ...
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Which Bernanke? Whose Bubble?
baselinescenario.com 8/25/2009 — Ben Bernanke will be nominated for a second term as chairman of the Federal Reserve. But which Bernanke are we getting? There are at least three.
The Bernanke who led the charge to rescue the US (and world’s) financial system after the Lehman-AIG collapse. If you accept that the ...
Bernanke is a Total Failure Unsuited for Role as Fed Chairman
globaleconomicanalysis.blogspot.com 6/30/2009 — Inquiring minds are reading Bernanke Flubs Tryout, Still Up for Leading Role by Caroline Baum. Most often I agree with Caroline, but not this time. After trashing (and rightfully so) Bernanke's last appearance before Congress, Caroline somehow arrives ...
The Bernanke ReappointmentTour
calculatedriskblog.com 7/27/2009 — Fed Chairman Ben Bernanke kicks off his reappointment tour with a town hall meeting today in Kansas City, Mo. Jim Lehrer will host. From Don Lee at the LA Times: Chairman Ben Bernanke confronts challenges to Federal Reserve's record With his term ...
Fed Watch: When Does Faith in Financial Engineering Wane?
economistsview.typepad.com 3/2/2009 — Tim Duy wonders how long it will be until the Fed gives up on the idea that financial engineering can resolve the problems in financial markets:
When Does Faith in Financial Engineering Wane?, by Tim Duy : The data flow is truly horrible, ...
Johnson and Kwak vs. Bernanke
economistsview.typepad.com 4/4/2009 — Simon Johnson and James Kwak of the Baseline Scenario argue in today's Washington Post that the Fed risks triggering an inflationary spiral despite the current gaping output gap (see also Mark Thoma's comments here). I believe that Johnson and Kwak ...
Bernanke's Revolution
globaleconomicanalysis.blogspot.com 4/12/2009 — Inquiring minds are reading a long and glaringly misguided post by the Washington Post on How Bernanke Staged a Revolution . Bernanke's ability to understand and synthesize the views of his colleagues goes a long way toward explaining how he has ...
Fed Watch: Policy Adrift
economistsview.typepad.com 11/20/2008 — Tim Duy lets loose:
Policy Adrift, by Tim Duy : I understand the Federal Reserve Chairman Ben Bernanke is considered
something of a sacred cow, our one point of light in an uncertain world. An
academic who cannot be questioned by other ...
Did Bernanke Really Promise No Nationalization?
247wallst.com 2/24/2009 — As Chairman of the Federal Reserve, Ben Bernanke is still a powerful and influential figure whether he is considered a “legacy post” of the Bush administration or not. Unlike Geithner, Bernanke is not entirely considered an ...
Overview —
The Economist: Full print edition 4/2/2009
There was mixed news from Japan. The Bank of Japan’s quarterly Tankan index of sentiment among large manufacturers fell to -58, the lowest in the history of the survey, which dates back to 1974. The country’s domestic production of ...