Some delayed reflections on exchange rates, trade prices, and the messages from the August data.
Category Archives: Federal Reserve
Catch the wave
I keep trying to warn my friends in the Federal Reserve about the tsunami that’s coming their way.
Saving Glut Redux
Bernanke recaps his interpretation of the explanation for global imbalances. Is it any more convincing than the first time?
By how much will the Fed cut rates?
Once again we’re seeing a big divergence between what the markets expect the Fed to do and what the Fed expects the Fed to do.
The Taylor Rule and the housing boom
Stanford Professor John Taylor presented another very interesting paper at the Jackson Fed conference.
Comments on Housing and the Monetary Transmission Mechanism
Here are the comments that I delivered this morning at the Fed Jackson Hole conference.
Bernanke and Gramlich on the subprime issue
Also featured yesterday at the Federal Reserve conference in Jackson Hole were speeches by Fed Chair Ben Bernanke and former Fed Governor Edward Gramlich.
Report from Jackson Hole
Here are some brief impressions about this morning’s papers at the Federal Reserve conference.
Update on the fed funds market
As noted by Calculated Risk and William Polley, the last few days we’ve seen the return of slightly more normal behavior in the overnight market for fed funds.
Solutions to the mortgage problem
Quick links to a few of the suggestions out there on what to do about pending mortgage defaults.