Monetary Policy

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Analysis and Commentary

Chinese Year Of Living Dangerously

by Markos Kounalakisvia Sacramento Bee
Thursday, January 21, 2016

Firecrackers and dancing dragons will welcome the Chinese New Year of the Red Fire Monkey in early February. The Monkey is one of 12 Chinese horoscope years that can predict wild success or portend catastrophic failure, depending on one’s level of superstition or gullibility.

In the News

With The Markets In Turmoil, The Risk Of Deflation Is High

quoting Michael Spencevia Independent (UK)
Thursday, January 21, 2016

In the UK and France, inflation is running at 0.2 per cent; Germany is at 0.3 per cent and the US at 0.5 per cent.

Bank Vault
In the News

9 Companies That Have Paid Dividends Since The 1800s

quoting Stephen Haber, Charles Calomirisvia My San Antonio
Wednesday, January 20, 2016

There are multiple publicly traded companies that have paid dividends since the 1860s or earlier. Seven of them are banks; the remaining two are utilities.

Interviews

Ed Lazear Discusses The Fed On The Santelli Exchange

interview with Edward Paul Lazearvia Santelli Exchange (CNBC)
Wednesday, January 20, 2016

Hoover Institution fellow Ed Lazear discusses growth expectations, global economies, and decisions at the Fed.

Interviews

Central Banks Haven’t Shown Control Of Deflation: Michael Spence

interview with Michael Spencevia Bloomberg
Wednesday, January 20, 2016

Hoover Institution fellow Michael Spence discusses market volatility prompted by concerns over China's economy, market fragility, and central banks' ability to deal with deflation.

Analysis and Commentary

Of Hawks And Protectionists

by Melvyn B. Kraussvia Handelsblatt Global Edition
Wednesday, January 20, 2016

[Subscription Required] Mario Draghi is optimistic about reaching his inflation goal of just under 2 percent over the next few years, but he may be underestimating the threat from within the ECB's Governing Council, argues an economics professor.

In the News

Debate Over ‘Too Big To Fail’ Continues Into The New Year

mentioning John B. Taylor, Hoover Institutionvia DS News
Tuesday, January 19, 2016

The question as to whether “too big to fail” no longer exists or is being codified by the government continued to be a hot button topic as 2015 wound down, and the debate isn’t slowing as 2016 begins.

In the News

How To Wean The World Off Monetary Stimulus

quoting Michael Spence, Kevin Warshvia Financial Times
Monday, January 18, 2016

A shift to growth policies make currency wars and populism less likely, writes Robert Zoellick.

Analysis and Commentary

What The New York Times Isn’t Telling You About Social Security

by Charles Blahousvia e21, Economic Policies for the 21st Century
Monday, January 18, 2016

The New York Times recently published an editorial highlighting partisan differences over Social Security, advocating that current-law benefit growth be increased, and implicitly rejecting bipartisan calls to include some cost containment in legislated financing reforms.

In the News

The 2010 FOMC Laugh Track: Fed Officials Try To Joke About An Uncertain Upturn

quoting Kevin Warshvia The Wall Street Journal
Friday, January 15, 2016

America’s central bankers entered 2010 with a better economic environment than they faced a year earlier. But the year proved to be a struggle, leading the Federal Reserve to launch its second round of bond-buying by the end of the year.

Pages

Economic Policy Working Group

 
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

Milton and Rose Friedman: An Uncommon Couple