Today, we present a guest post written by David Papell and Ruxandra Prodan-Boul, Professor of Economics at the University of Houston and Economics Lecturer at Stanford University.
Category Archives: Federal Reserve
Teaching Macro 2024
First time teaching undergrad macro (elective, after intermediate macro) in three years, so I thought time to revise the syllabus (Econ 442) to account for new issues (compare against Fall 2001).
History, According to Some
In commenting on this post comparing the post-Great Influenza and post-Covid period, Mr. Kopits asserts:
Is Velocity Stable? Part MXXVI
Courtesy of CFS, here is M4 Divisia velocity (rescaled to 1967Q1=1):
News and the Market-Implied Fed Funds Path
Ten year Treasury yield fell with the FOMC announcement, as CME contracts indicated a lower trajectory:
FT-IGM (Booth School) US Macroeconomists Survey on the Outlook
Survey results are out, for responses as of 12/4. FT article here.
Guest Contribution: “Long-term yields, the term premium and US monetary policy”
Today, we are pleased to present a guest contribution written by Kevin Pallara, Luca Rossi, and Fabrizio Venditti of the Bank of Italy. The views presented in this note represent those of the authors and do not necessarily reflect those of the Bank of Italy or the ESCB.
Guest Contribution: “The Fed Approaches the End of the Rate Hiking Cycle”
Today, we present a guest post written by David Papell and Ruxandra Prodan, Professor and Associate Instructional Professor of Economics at the University of Houston.
Musings on Economic Policies in a Trump Second Term
We don’t know much, but we know tax cuts and tariffs are on the agenda. I suppose that, while he might not execute the Fed Chair (that’s reserved for a select few), he is likely to try to otherwise eject him/her if policy is not to his liking.
FT-Booth September Survey
The recession’s start is further delayed as forecasted growth continues. FT article and survey results: q4/q4 growth at 2% [1.3%, 2.5% 90%ile range].