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Apologises for the EPIC delay in doing this. I wanted to have comments up by 6 (it was not out till nearly 10), but a meeting ran overtime, work servers went down, and my trip home from work on this was slower than expected. [ed. And the site went down …] First here are links […]
I read your article on monetary policy in the Sunday Star Times (thanks to a link from Rates Blog). I disagreed with many of the things you said, but I really don’t think our conclusions are that separate when we look through the issues. First on my disagreements: I don’t agree that monetary policy needs […]
Anyone who has done first year economics will know about shifts and movements. When I tutored the course I would make funny hand gestures trying to illustrate it, hand gestures that were mildly less weird then when I talk about price floors and ceilings. Still, there has been a lot of banging on about the […]
Here is some sense talking from a central banker and trade representative from Brazil: Senior Brazilian trade representative Mario Marconini from the Federation of Industries of Sao Paulo, says there’s a growing realisation from Brazilian businesses that trying to control the exchange rate is fruitless. The long-term answer can only come from concerted international action […]
David Cunliffe has done a guest post on the Rates Blog looking at Labour’s change in monetary policy … policy. [We have discussed this here, here, and here already]. As far as I can tell (tell me if I’m wrong), the content of the post boils down to this paragraph: More importantly, acting alone it […]
When discussing the latest OCR decision Bernard Hickey at the Rates Blog suggested that Dr Bollard should lift the cash rate in order to help “rebalance” the economy. I have heard this suggestion from many, many, other economists as well – suggesting that this view is fairly mainstream. Furthermore, Dr Bollard does keep mentioning the […]