Archive for November 12th, 2010

Angela Merkel or Angela Keynes?

November 12, 2010

Mark Schieritz, Finance Editor at the weekly German newspaper DIE ZEIT writes a super column in eurointelligence titled – Angela Keynes.

He says, though Merkel is preaching to the world the virtues of fiscal austerity and how Germany has grown because of the same, the story is different.  Germany has been as Keynesian as others like US:

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Macroprudential Policy and Central banking

November 12, 2010

This is the title of my new paper. Summarises the issues so far in this crucial area of central banking and financial regualtion.

Let me know of your comments/suggestions/criticisms if any.

Some sympathies for Ben Bernanke

November 12, 2010

Bernnake has faced severe criticism for his recent decision to go ahead with QE2. The criticisers include people from all around the world – economists like Feldstein, US politicians like Sarah Palin, German Finance Minister, Chinese policymakers etc.

Paul A. McCulley of PIMCO has some kind words for Bernanke in this article:

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Is Structural Unemployment on the Rise?

November 12, 2010

This is the title of this FRBSF research letter. It is written by Rob Valletta and Katherine Kuang.

They analyse the issue of structural unemployment. They say much of the rise in unemployment is cyclical and hence unlikely to remain for too long.

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Probable impact of QE2

November 12, 2010

Daniel L. Thornton, of St Louis Fed who was a Qe2 sceptic to beginwith says it is unlikely to be any useful.

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