Archive for January 5th, 2011

UK Govt introduces bank levy and does an Indian Govt Act!

January 5, 2011

UK Govt. finally introduced the much hyped levy on the UK bank balance sheets:

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Fedspeak shifts priorities to employment

January 5, 2011

If you thought problems for Fed are over, think twice. They just keep mounting.

In this superb short note, Daniel Thornton of St Louis Fed points Fed has suddenly started mentioning employment as an objective in its FOMC statement. He says though both inflation and employment are objectives for Fed, Fed desisted so far mentioning this as an objective.

As mon pol cannot impact output/employment, Fed believed if it could achieve price stability, it could achieve employment stability as well:

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Mostly Economics – 2010 in review

January 5, 2011

WordPress staff sent me this useful review of how Mostly Economics fared in 2010. I thought of sharing it with the vistors to this blog. Without them, such numbers would not have been possible.

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