Category Archives: Fed

NY Fed: Solving the Too Big to Fail Problem


Weekend, interesting reading… What Is the Too-Big-to-Fail Problem? The root cause of “too big to fail’ is the fact that in our financial system as it exists today, the failure of large complex financial firms generate large, undesirable externalities. These … Continue reading

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Paul Krugman: Not Enough Inflation


Not Enough Inflation, by Paul Krugman, in NY Times: A few days ago, Alan Greenspan, the former chairman of the Federal Reserve, spoke out in defense of his successor. Attacks on Ben Bernanke by Republicans, he told The Financial Times, … Continue reading

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David Beckworth: The Fed Gets Schooled Again on Central Banking: the Swiss National Bank Edition


The Fed Gets Schooled Again on Central Banking: the Swiss National Bank Edition, by David Beckworth, in Macro and Other Market Musings: I have continually stressed the need for the Fed to (1) publicly and forcefully announce a level target and to … Continue reading

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Paul Krugman: The Fed States the Obvious


The Fed States the Obvious, by Paul Krugman, in NY Times: OK, count me unimpressed by the Fed statement — although for some reason markets went wild. The Fed didn’t announce a new policy. And despite what some press reports … Continue reading

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