Category Archive: 8) Economics

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Are Asset Price Bubbles Needed to Make the US Economy Recover?

2013-04-22

us household and private wealth March 2013

About the trade-off between economic recovery and financial stability In the recent post on gold prices, we maintained that the Fed will raise interest rates far later than most FOMC members admit. This would imply that the years of financial repression will continue and investors will push up asset prices, incl. gold, instead. Many libertarians …

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7a) Economic Theories Overview

The most important pages on MIchael Pettis and on sector balances .

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Helicopter Money against Animal Spirits and our Critique

The newest paper by McCulley and Poszar "Helicopter Money: or how I stopped worrying and love fiscal-monetary cooperation" presents fiscal policy and monetary policy along these two criteria

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Which Primary Surpluses are needed for EU Members?

Primary surplus is the difference between government revenues and expenditures excl interest. Debt is reduced if rel. primary surplus is higher than debt multiplied by interest minus GDP growth.

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The history of wrong forecasts by Swiss economists: details

2013-01-13

by George Dorgan

2013-01-13

Or how to talk down an economy with wrong forecasts Read the introductory post here, if you haven’t yet. Details of SECO forecasts In the following we give the details about the SECO, the Swiss government economic agency’s, forecasts. Forecast Q1/2009 Sharp recession in 2009, gradual stabilization in 2010 Bern, 17.03.2009 – Economic …

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Irvin Fisher’s Deflationary Spiral

Plot historical FX charts

The Natural Rate of Interest/Taylor Rate

Central banks often want to follow two targets: low inflation and low unemployment. to achieve both criteria they look for a formula that incorporates both

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Post Keynesians

Along the double mandate of the federal reserve, monetarists can be divided into. - traditional monetarists that focus on a slow increase of money supply in order to avoid price inflation. - Market monetarists that want to target growth and income instead of inflation.

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