I did a long interview today with Tom Keene of Bloomberg Radio on the current recession and Federal Reserve policy. You can listen to it by clicking here.
Author Archives: James_Hamilton
It’s official
The Business Cycle Dating Committee of the National Bureau of Economic Research announced today that the eleventh U.S. postwar recession began in December of 2007.
So long, Tanta
Doris Dungey, who had been known to me only as the contributor Tanta to the Calculated Risk blog, has died from cancer at the age of 47.
The more the merrier
How many economic-advice-giving organizations does it take to run a White House?
Obama’s economic plans
President-elect Barack Obama today announced more details of the economic team that will be advising the new president. I find these quite encouraging.
Time for a change at the Fed
Plan A didn’t work. Plan B didn’t work. I suggest the Fed get going on Plan C.
The check is in the mail
Falling gasoline prices will provide some stimulus to the economy. But how much?
The anomalous fed funds market
Some further thoughts on the bizarre behavior of the interest rate that used to be the core instrument of U.S. monetary policy.
Investment advice for a wild market
Your retirement nest egg might have lost 40% of its value since this summer and 10% the last 2 weeks. What should you do? Here’s the advice I’ve been giving to friends who ask, as well as what I’ve been doing with my own portfolio.
Update on FDIC guarantee fees
On Saturday I noted that details of the FDIC guarantees of fed funds implemented on October 14 could introduce a substantial wedge between the fed funds target and the effective fed funds rate. Rebecca Wilder argues that this could not be affecting the current effective fed funds rate due to details of the “opt out” provision. Here I provide some further discussion of this point.