Archive for the ‘New Posts’ Category

Will the funds rate have time to get back to “normal” (wherever that is) before the next recession?

August 24th, 2016

I’ve got  a piece up at WaPo riffing off of this new paper by Fed economist David Reifschneider (DR). I wanted to add an interesting figure here that I couldn’t jam in the WaPo post. Some of the data in the figure comes from DR’s table 1 showing the number of basis points (hundredths of a percent, so… Read more

It’s all connected…4 referrals from today’s papers.

August 19th, 2016

Three articles, one blog post. First, Dean Baker points to this great Bloomberg article by former Fed regional bank pres Narayana Kocherlakota (NK) on how, since black unemployment typical runs 2x the overall rate, Fed policy is especially consequential for them (and other minorities). It’s really just the old adage that when the economy sniffles, less… Read more

The dollar’s makin’ me holler, and other tales of the macro muddle

August 17th, 2016

Old gold bugs know the old plaint, “gold, gold, you’re makin’ me old.” Well, today’s version is “dollar, dollar, you’re makin’ me holler!” I’ll be brief—I’ve got something longer on this coming out soon—but I’ve been struck by both the recent jigs and jags in the dollar and other currencies. A central reason for those… Read more