Interpreting Recent Emerging Market Currency Movements by Menzie Chinn, Econbrowser.com Appeared originally at Econbrowser 03 January 2013 Caption illustration added by Econintersect. Expectations of central bank policies are only part of the story. The rapid decline in emerging market currency values has been quite remarkable.
Tag Archives: Econbrowser.com
U.S. Economy Gaining Momentum
by James D. Hamilton, Econbrowser.com Appeared originally at Econbrowser 30 January 2014 Caption illustration added by Econintersect. The Bureau of Economic Analysis announced today that U.S. real GDP grew at a 3.2% annual rate in the fourh quarter. That’s two quarters in a row now of above average growth. Given recent experience, that sounds pretty …
“Is the U.S. economy really about to go boom?”
Politico Magazine asks “should we really be so optimistic about the year ahead?” Mohamed El-Arian (PIMCO), Jared Bernstein (CBPP), Laurence Kotlikoff (Boston U.), Robert Reich (Berkeley), Menzie Chinn (Wisconsin U.) and Jeffry Frieden (Harvard), Jeffry Frankel (Harvard) and Dean Baker (CEPR) respond.
Federal Reserve Control of the Short-term Interest Rate
Once upon a time, U.S. monetary policy was conducted with its primary target defined in terms of the fed funds rate, which is the interest rate on an overnight loan of Federal Reserve deposits between private banks or other institutions that hold accounts with the Fed.
Assessing the Crowding Out Hypothesis: An Undergraduate Textbook Analysis
From my (undergraduate) Economics 390 “Topics in Macro” midterm:Consider this statement: “Borrowing and spending by the public sector will crowd out investment and growth in the private sector.” Paul Ryan, “Path to Prosperity” (April 2012).