Archive for October 21st, 2010

Fed members dissenting…nothing new about it

October 21, 2010

There is a huge divide amidst Fed members on the future Fed policy moves.  There are a number of suggestions apart from QE2 – price level targeting, inflation targeting etc. But as both do not look politically feasible as it will require changes in Fed Act, permission from Senate etc…QE2 looks like the only short-term option. For QE2 we see a divide going by various member speeches:

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Linking maturity structure of Government Debt with Private Debt

October 21, 2010

Robin Greenwood, Samuel Gregory Hanson  and Jeremy C. Stein of Harvard have written a superb insightful paper on the topic.

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