#Monetary

Today the @federalreserve announced a major shift in policy. They will stop pre-emptive inflation targeting and no longer ex-ante raise/lower interest rates. Here is why you should care about this.
Read more
1/ Most Central Banks are now at 0% or NEG% overnight rates. Here's a composite of G10 overnight rates. 2/ Most central banks are also engaged in QE. Here's balance
Read more
A LOT of the proposed solutions to the ZLB rest on r* not being much lower than 0-1%.Exhibit (1) Raising the inflation target:r*=-2% means that even with avg inflation of
Read more
Thread-QE & Inequality: Time for the @bankofengland to come clean?I had to do some research on the distributive effects of QE and so thought I would share thoughts.Key message -
Read more
utility (a thread)Def: the state of being useful, profitable, or beneficialIn economics, utility refers 2 the enjoyment/satisfaction a person gets from the choices they makeUtility theory assumes that people will
Read more
Any idea when IRS association last submitted so many β€œprogressive” French style tax suggestions to the government and publicly so?Really worrying. Clear balloon floating. From yet another income tax hike
Read more
i was casually scrolling through fb then i saw a comment of a woman reaching out to strangers, asking for monetary assistance. idk if it's legit but that doesn't matter.
Read more
[small thread] Wow. In addition to all the great news we have heard lately in #bitcoin , I’m happy to report that my dad took the plunge and bought his
Read more
Can someone please ask this moron who exactly "designed" money to lose 2%/year, why & when? In reality, this was not designed. Govts went off gold to finance WWI. After
Read more
Update on the overnight system maintenance:1. Funds are safe.Β 2. The maintenance will likely take 24-48 hoursΒ What happened? See thread below. - DB issue on Exchange caused an outage (root cause
Read more
Rumour on the street is that Joe Rogan's blockbuster deal is a steal for Spotify and a bad hand for him.Basically, Joe Rogan is getting ripped off. He's given up
Read more
Without some institutional encouragement, the BoE are going to feel caught between a rock and a hard place in identifying missing macroeconomic stimulus. The rock is that if they don't
Read more
-THREAD-HOW CAN I SUPPORT @gulfkanawut?"π‘π‘œ π‘šπ‘Žπ‘‘π‘‘π‘’π‘Ÿ β„Žπ‘œπ‘€ 𝑏𝑖𝑔, π‘›π‘œ π‘šπ‘Žπ‘‘π‘‘π‘’π‘Ÿ β„Žπ‘œπ‘€ π‘ π‘šπ‘Žπ‘™π‘™ π‘Žπ‘› π‘Žπ‘π‘‘ 𝑖𝑠,𝑖𝑓 𝑖𝑑 π‘π‘œπ‘šπ‘’
Read more
What are the effects of a negative AS shock & how should the central bank respond?THREAD, partly based on a just-published paper of mine (AEJ Macro April 2020)https://www.aeaweb.org/articles?id=10.1257/mac.20180207(1/7) In macro
Read more
Monetary Policy Review was **supposed** to be a review of the Fed’s (a) strategy (b) tools(c) communicationTime for a #Fedthread [1/21] 99% of the attention went to strategy (as fait
Read more
Is the US suffering an exorbitant burden? Due to the dominant role of the dollar, the US is able to borrow cheaply from the rest of the world, an effect
Read more