Today we are pleased to present a guest contribution written by Jeffrey Frankel, Harpel Professor of Capital Formation and Growth at Harvard University, and former Member of the Council of Economic Advisers, 1997-99. This post is an extended version of a column that appeared in Project Syndicate.
Category Archives: financial markets
Stock prices and oil prices
Ben Bernanke weighs in on why stock prices and oil prices have been moving together recently.
Guest Contribution: “Financial Regulatory Transparency and Sovereign Borrowing Costs”
Today we are fortunate to be able to present a guest contribution written by Mark Copelovitch (University of Wisconsin – Madison), Christopher Gandrud (City University of London), and Mark Hallerberg (Hertie School of Governance, Berlin).
Guest Contribution: “Does China’s Capital Flight respond to US Monetary Policy?”
Today we are fortunate to present a guest contribution written by Yin-Wong Cheung (City University of Hong Kong), Sven Steinkamp (Universität Osnabrück) and Frank Westermann (Universität Osnabrück).
Of Morality Plays and Technocratic Assessments
Or, breaking up the big banks might provide some visceral joy, but it’s not clear to me that solves the key problem of financial fragility in modern capitalist systems.
Guest Contribution: “The ECB and the Fed: A Comparative Narrative”
Today, we are fortunate to present a guest contribution written by Dae Woong Kang, Nick Ligthart, and Ashoka Mody, Charles and Marie Visiting Professor in International Economic Policy, Woodrow Wilson School, Princeton University.
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Spreads and Recession Watch
Since we’re talking recession [0], it’s of interest to see what market indicators are saying, for the US and for the world. First, the term spread for the US:
Are stocks and housing off on another bubble?
As a new year gets under way [Nobel Laureate Robert] Shiller fears that advanced economies could be on the cusp of another stock market and property bubble that could end in tears….
“I’ve tried to inquire why we are having these booms right now at a time of so-called secular stagnation with low interest rates, and arrived at the thought that low interest rates are promoting these bubbles.”
Some International Finance at ASSA
Full Allied Social Sciences Association program, with links to some papers, here.
Implementing monetary policy in 2016
On Wednesday the Federal Reserve announced that it is increasing its target for the fed funds rate to a new range of 25 to 50 basis points (0.25% to 0.5% annual rate). How does the Fed plan to accomplish this, and what does it mean for other interest rates?
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