Thursday, February 25, 2010

Labor markets and the current cycle (and the death of Okun's Law)

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There are growing concerns about the labor market performance in the US during the current crisis, concerns that might extend to the recover...
Monday, December 14, 2009

Using a hammer or a wrench to pop asset price bubbles?

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In a recent speech Adam Posen (recently appointed a member of the Bank of England's Monetary Policy Committee) argues that monetary poli...
Thursday, December 10, 2009

Central Bank Transparency

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Here is an excerpt from an interview by Jean-Claude Trichet, President of the ECB with De Tijd and L'Echo (the full interview can be fou...
Wednesday, November 25, 2009

The "investmentless" recovery

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The behavior of U.S. employment at the end of the last two recessions (1991 and 2001) was different than in previous recessions. Employment ...
Monday, November 23, 2009

Inflation or Deflation?

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There is an ongoing debate on whether we will see inflation or deflation during the coming years. Inflation could be a result of the expansi...
Tuesday, November 17, 2009

It will continue to go up until it stops.

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One of the best quotes I have recently seen in financial news sites. This is from CNBC Monday November 16th (link to the article and video h...
Friday, November 13, 2009

The definition of strong (dollar)

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Timothy Geithner said this week "I believe deeply that it is very important to the United States, to the economic health of the United ...