Archive - Money Fetish

The pathway for Powell & the FOMC to gain confidence

stop babling about interest rates

May 4 •

When the Fed becomes obsessed with inflation, things can easily get nasty!

It happened in 2008

May 2 •

April 2024

IT, PLT & NGDP-LT: IS THERE A STORY?

written 10 years ago when inflation targeting (IT) was being contested, and by not moving away from "it" the Fed is once again in dire straits

Apr 29 •

Is inflation stubborn?

Only if you include badly conceived "guesstimates" into the fray

Apr 27 •

Peering through the fog in search of light

and dimming the noise

Apr 19 •

The "relative price - inflation" confusion

incites bad monetary policy moves

Apr 15 •

March 2024

Is the economy approaching equilibrium?

I think yes, but many purveyors of doom see the opposite

Mar 15 •

February 2024

Greenspan´s search of productivity

One of the reasons behind the "splendid 1990s"

Feb 23 •

How a "guesstimate" could derail the Fed

The "curse" of Owners Equivalent Rent (OER)

Feb 16 •

The economy "play" in 4 "acts"

Act 1: The Great Moderation; Act 2: The Great Recession; Act 3: The Depressed Moderation; Act 4: The C-19 Cycle

Feb 14 •

January 2024

A simpler view of monetary policy

Unfortunately, for many, it does not equate to interest rate policy (nor, as monetarists ascertain, to money supply growth)

Jan 13 •

Figuring out why 2023 was so surprising

A proper understanding of monetary policy "solves the puzzle"

Jan 6 •

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