marginalrevolution.com - 1/14/2009
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"What you are looking at now is really being determined by other
considerations. How much should we buy of mortgage-backed securities?
How much should we loan to foreign central banks? This is really more
like an industrial policy," he said...
"If you have a situation where ...
blogs.wsj.com - 1/12/2009
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blogs.wsj.com —
Stanford Professor John Taylor has coined a new,
unflattering term to describe the Federal Reserve’s approach to...
managing the financial crisis: “Mondustrial Policy.” Mr. Taylor, a former Bush administration official who was once considered a possible ...
(more)
Real Time Economics : Outspoken Fed Critic Taylor ...
angrybear.blogspot.com - 1/16/2009
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angrybear.blogspot.com —
By Spencer In December industrial production fell 2.0%
and manufacturing output fell 2.3% to a level almost...
10% below year ago levels . From a level of 100 at the peak industrial production has now fallen to 92.0, or roughly at the average trough ...
(more)
Industrial Production
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On expanding balance sheets and inflationary policy
macroblog —
... Is the increase in the scale of the Federal Reserve's balance sheet inherently inflationary?
Jim Hamilton covered much of the territory implied by these questions in a very extensive Econbrowser post not too long ago, but the distinction between money creation and Fed balance sheet expansion continues to be confounded. Here, for example, is a passage from the Wall Street Journal's Real Time Economics coverage of Stanford professor John Taylor's (not exactly glowing) review of recent Federal Reserve action, delivered at this year's annual ...
Related Content
John Taylor on the Federal Reserve
econbrowser.com 12/14/2008 — Stanford economics professor John Taylor has a
new paper
in which he takes aim at recent economic policy, and fires with both barrels, concluding that "government actions and interventions
caused, prolonged, and worsened the financial crisis."
...
John Taylor: The Fed Done It
econlog.econlib.org 12/15/2008 — (December 14, 2008 03:33 PM, by Arnold Kling) He is a leading macroeconomist, and he is out with a serious paper, in which he blames the Fed for excessively low interest rates from 2002-2004. Pointer from James Hamilton, who does not agree. Hamilton ...
Taylor Rule Change Will Hurt Fed’s Inflation Fight: John Taylor
bloomberg.com 8/25/2009 — Commentary by John Taylor Aug. 25 (Bloomberg) -- The Taylor Rule -- the guideline for central bank interest-rate decisions -- has been the subject of a heated debate among Fed watchers this summer, popping up in market newsletters, blogs and Bloomberg ...
What Industrial Policy Should Be
robertreich.blogspot.com 5/21/2009 — America now has a full-blown industrial policy. But it's an odd one -- a combination of lemon socialism and taxpayer-financed regulation. Consider GM and Chysler. To what purpose are our taxpayer dollars being put as we bail them out? Apparently only ...
Post-Industrial America Now Even Less Industrial
clusterstock.com 10/16/2008 — IndustrialProduction.jpg We mentioned this earlier but it bears repeating: Not only is our financial system broken, but it looks like what remains of our industrial system has shut down as well. Industrial production dropped 2.8% in September. That's ...
Taylor Says Fed May Not Have Much Time Before Rate Rise Needed
bloomberg.com 6/8/2009 — May 13 (Bloomberg) -- The Federal Reserve may soon need to raise interest rates, said John Taylor, the former Treasury official who devised the “Taylor Rule,” a formula for rate- setting based on the outlook for inflation and growth. “My calculation ...
Merle Hazard Meets John Taylor (video)
youtube.com 5/5/2009 — Merle Hazard, country singer, meets Stanford University economist John Taylor. Taylor, a monetary policy expert, created the Taylor Rule. The U.S. Federal ...
Taylor: Why Permanent Tax Cuts Are the Best Stimulus
economistsview.typepad.com 11/25/2008 — John Taylor is not ready to give up on tax cuts, nor is he ready to adopt
traditional Keynesian ideas:
Why
Permanent Tax Cuts Are the Best Stimulus, by John B. Taylor, Commentary, NY
Times : The incoming Obama administration and congressional ...
Project-Based Education? A Response to Mark Taylor
suburbdad.blogspot.com 4/28/2009 — Several alert readers sent me links to this column in the New York Times by Mark Taylor, a professor of religion at Columbia. Professor Taylor makes a series of claims about how to improve higher education in America, most of which revolve around ...
My Stimulus Is Better Than Yours! —
The Big Money 1/14/2009
Even before President-elect Obama takes office, critics are circling his yet-to-be-released stimulus plan. There is skepticism from both the left and right, but the most emphatic objections come from conservatives, who question the utility of ...
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