Archive for the ‘Recession/Stimulus’ Category

Abe Increases Both Stimulus Spending and Taxes!? What’s Up with That?

October 2nd, 2013

Turning to the actions of more functional governments for a moment—which very much extends one’s palette these days–a number of people have asked me about this move by the Abe government to both increase taxes and stimulus spending.  Does the tax increase imply that the Japanese Prime Minister is departing from his aggressive push to… Read more

Fed Communication: Surprise!

September 26th, 2013

Bin Appelbaum makes a fair point, via Federal Reserve governor Jeremy Stein, that clarity and predictability are important communication skills that the Fed could sharpen these days.  It’s a view that’s derived from the confusion markets experienced when the FOMC (the committee that decides on monetary policy) surprised everyone—(though not me!)—by holding off on when they… Read more