Monetary policy via jawbone; MOAR China-in-trouble podcasting; American office occupancy; very briefly noted; Abramitzky & al on immigrants & crime, journamalists angry & jealous of Will Bunch...
A tangential comment on the "Public Sphere: Gurwinder: Why You Are Probably an NPC: ‘And what to do about it….".
This piece references a real issue, but does it rather poorly, at least in my opinion.
Also, some of the references seemed odd to me, so I took a look for other work from Gurwinder Bhogal, only to find that he is the author of "Antiracism is Racist" (https://rabbitholemag.com/antiracism-is-racist/ ), among other gems.
Òscar Jordà, Moritz Schularick, & Alan M. Taylor How did these guys predict the abysmal failure of the 2008-2020 failure by the Fed to a garden variety financial hiccough?
Now, having talked tough, does the FOMC want to go and actually make any more interest rate increases? Or will it decide that the jawboning has been all the policy it needs, and that it has done its job by damping-down expectations that short-term interest rates will be cut anytime soon?
"all the policy it needs?" If not too much! Five-years TIPS have dropped from ~ 8 point below target to 22 points below target.
Serkan Arslanalp & Barry Eichengreen: It is so annoying to read talk about "debt." It is not a policy variable. It is several layers away from policy decisions about what to pend how much on and who to reais how much revenue from.
A tangential comment on the "Public Sphere: Gurwinder: Why You Are Probably an NPC: ‘And what to do about it….".
This piece references a real issue, but does it rather poorly, at least in my opinion.
Also, some of the references seemed odd to me, so I took a look for other work from Gurwinder Bhogal, only to find that he is the author of "Antiracism is Racist" (https://rabbitholemag.com/antiracism-is-racist/ ), among other gems.
Òscar Jordà, Moritz Schularick, & Alan M. Taylor How did these guys predict the abysmal failure of the 2008-2020 failure by the Fed to a garden variety financial hiccough?
Now, having talked tough, does the FOMC want to go and actually make any more interest rate increases? Or will it decide that the jawboning has been all the policy it needs, and that it has done its job by damping-down expectations that short-term interest rates will be cut anytime soon?
"all the policy it needs?" If not too much! Five-years TIPS have dropped from ~ 8 point below target to 22 points below target.
Serkan Arslanalp & Barry Eichengreen: It is so annoying to read talk about "debt." It is not a policy variable. It is several layers away from policy decisions about what to pend how much on and who to reais how much revenue from.