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 screens. The perennial late summer monetary ...
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Tuesday morning links
The Mess That Greenspan Made —
Obama to nominate Bernanke to second term - LA Times Clunkers: Dealers get ready for the 'hangover' - CNN/Money America Is Running Out Of Rope - Market Ticker Federal deficits: $9 trillion and counting - CNN/Money The interest rate disconnect - FT AlphaVille Clarion Call from Cantarell - Gregor Financial Crisis Called Off - Kunstler, CFN Disaggregating Zero Hedge - Reuters ...
Taylor on the Taylor rule
Cafe Hayek —
Here.
And here is his recent EconTalk podcast on the financial crisis.
links for 2009-08-27
Economist's View —
Markets and values: Competition builds trust - voxeu.org
UK regulator seeks to deflate financial sector with global tax - FT
William Poole on Ben Bernanke - MacroMania
Taylor Rule Change Will Hurt Fed’s Inflation Fight - John Taylor
Post-Macroeconomics - SSRN - Célestin Monga
Ben's Second Term - Kevin Drum
French Bank’s Parent to Guarantee Toxic Assets - NYTimes.com
Why Ben Bernanke was (and should have been) reappointed - Richard Green
The Bank Lending Channel Reconsidered - SSRN - Alistair Milne, Geoffrey ...
The Taylor Rule
Lawrance G. Lux —
I am not a great advocate of the Taylor Rule, but the Student should understand it. Here One can read the author explain it. People will want to know my reservations about the Taylor Rule, so I might as well make people laugh this morning. The economy absorbs all Inflation at all times, with Boom times pigging out on Inflation. A booming economy gives Aid and Comfort to Pricing, so much so that Inflation sprints past Consumer Demand in the constant footrace. Consumer Demand will eventually falter, and the Recession will begin. Consumers must again catch their breath, before they are ready to start the Race again; this means they need a defensible ...
Related Content
The Taylor Rule Debate
calculatedriskblog.com 7/25/2009 — From Bloomberg: Taylor Says Fed Gets Rule Right, Goldman Doesn’t Economists from Goldman Sachs Group Inc., Macroeconomic Advisers LLC, Deutsche Bank Securities Inc. and even the San Francisco Federal Reserve Bank argue the Taylor Rule, a pointer for ...
Taylor rule quote of the day
tvhe.co.nz 5/13/2009 — We have all heard a lot about how the Taylor rule suggests the US needs a -5% cash rate, which is why this quote in a Bloomberg article was not surprising:
The rule might suggest the need by the end of 2009 of a funds rate of minus 7.5 percent, Laurence Meyer , vice chairman of Macroeconomic ...
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 ...
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."
...
Taylor Rule Says: Put Interest Rates at Zero
delong.typepad.com 10/30/2008 — In an email from Macroeconomic Associates:
The economic outlook has taken a turn for the worse in recent weeks, as credit conditions have deteriorated further, equity prices have plunged, and economic data have come in weaker than expected. ...
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 ...
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 ...
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