fistfulofeuros.net - 3/12/2009
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The Swiss central bank cut its interest rate close to zero today and started buying foreign currencies to stem the franc’s appreciation in the face of a deepening recession and a looming deflation threat ( Hat Tip`MacroMan ). The result was pretty predictable, the franc plunged the most against ...
krugman.blogs.nytimes.com - 3/20/2009
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krugman.blogs.nytimes.com —
The big policy news this week has been
the Fed's decision to buy $1 trillion of long-term...
bonds, going beyond the normal policy of buying only short-term debt. Good move - but it's probably worth pointing out that yes, this does expose the Fed, and ...
(more)
Fiscal aspects of quantitative easing (wonkish)
nihoncassandra.blogspot.com - 3/8/2009
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nihoncassandra.blogspot.com —
The Brits are now offically obsessed with quantitative
easing, first not comprehending it, then wryly examining it,...
finally yielding to a stoic skepticism about it's parochial impacts. There is a certain anodine perfection to the phrase, quantitative ...
(more)
The Perfection (of sorts) of Quantitative Easing
marginalrevolution.com - 3/19/2009
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marginalrevolution.com —
Bernanke will do it . I'm sitting in
an airport, so here is a very quick take. ...
It is cheaper and quicker than fiscal stimulus; this should have been our first move. It is more likely to work. There are two effects: ...
(more)
Quantitative easing
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Swiss QE, déjà vu
FT Alphaville —
... - FT Alphaville Switzerland introduces quantitative easing - A Fistful of Euros This entry was posted by Tracy Alloway on Friday, March 13th, 2009 at 12:34 and is filed under ...
America's Chinese disease (not quite what you think)
Paul Krugman —
... has not been buying is foreign short-term securities. But that’s not because such purchases would be ineffective. On the contrary, selling domestic short-term debt and buying its foreign-currency counterpart is the essence of a sterilized foreign-exchange-market intervention, which is a time-honored way of gaining a competitive advantage and helping your economy expand. And some countries have, in fact, made foreign-currency purchases a part of their quantitative easing strategy — Switzerland in particular . The only reason the Fed isn’t doing this is that we’re a big ...
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