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Time to redo those slides
I’m at a lecture in my Corporate Finance class, and I thought I’d share something I’ve come across multiple times in the last year in different classes. Here’s the slide with opportunity cost of...
View ArticleSavers shouldn’t outperform the economy
Izzy is making a lot of sense over at her tumblr. It concerns the debate that savers are being punished, but given that everything isn’t the same as it always was, people tend to forget a few...
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The Fed’s exit strategy
I posted on the subject a week ago, and now I’ve come across a paper from the Fed’s research department from September, so it might be worth just posting it here, since it gives a timeline to a...
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Banks’ CA holdings, excess reserves, and recourse at the deposit facility
From the ECB’s monthly bulletin, out yesterday.
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Two-tiered Europe, redux
Relatively silence from this end as of late, given other commitments (mostly exams.) I did stump upon this paper from the ECB yesterday, though, which elaborates on the discussion of the two-tiered...
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The ECB can deal with bank funding problems
Benoît Cœuré from the ECB is usually the best when it comes to writing (and speaking) about the transmission mechanism and market operations. Since he’s responsible for Market Operations; Payments...
View ArticleWhat have we learned from Danish negative deposit rates?
I was going to do something on negative rates, but I’m busy and Nordea has written a good primer, and I still think me and Izzy’s post from July last year when they were introduced is pretty...
View ArticleDenmark’s experience with negative deposit rates
My piece for FT AV can be found here:FT Alphaville: What the Danish negative rate experience tells us.
View ArticleEurope’s problem is monetary, but that’s not all
Lars Christensen has a pretty good post on how Europe’s problems are not fiscal when you compare it to the US. He points out — rightly, I think — that the difference in recovery between the US and...
View ArticleNo, Robert E. Hall, that’s not actually the only problem
Matthew Klein has a good post taking down Robert E. Hall’s claim that reserves are lend out. It’s annoying that supposedly intelligent professors and central bank advisors don’t understand how the...
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