Archive for January 15th, 2009

Fed’s credit policy and exit strategy after the crisis

January 15, 2009

Fed Chairman Bernanke’s recent speechwas very interesting. He talked about number of issues from Fed’s response to crisis, how Fed intervention is different from Bank of Japan intervention (Yellen was the first to point this), how this is not quantitative easing but credit easing and finally the exit strategy after the crisis.  (more…)

Assorted Links

January 15, 2009

1. WSJ Blog points more retail bankruptcies likely. It also points to recent Beige Book which says worse is yet to come in fin sector. It also points more trouble ahead for ECB

2. Mankiw points TED spread is more relaxed now

3. Econbrowser on US trade falling from cliff


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