Brian Romanchuk's commentary and books on bond market economics.
New MMT Book
Wednesday, December 6, 2023
Using Fed Projections To Infer The Term Premium?
I was passed along the article “Views from the Floor — Tighter and Tighter” by the Man Institute published last month. It discusses using t...
Thursday, November 30, 2023
The Central Bank And Government Finance
This article continues the sequence of articles on central banks as banks. This article was as brief as possible since it overlapped my book...
Tuesday, November 28, 2023
Central Bank Balance Sheets
This article continues my series of articles on central banks as banks. Central bank balance sheets (in the modern era, at least) are relat...
Thursday, November 23, 2023
Central Bank Banking Basics
This article continues the plan outlined in the previous article “ Central Banks as Banks .” As I described therein, this is projected to be...
Tuesday, November 21, 2023
Central Banks As Banks
My plan is to write a draft what should become a chapter for my banking book. The inflation manuscript is in good shape (but way behind sche...
Wednesday, November 15, 2023
"So How Did You Lose Money Buying Risk-Free Bonds?"
The title of this article is deliberately silly, but there are times where I just need to be deliberately silly. I am not going to discuss w...
Wednesday, November 8, 2023
Employment-Population Ratio Revisited
I have been writing some manuscript comments about labour market capacity constraints and inflation, which I hinted at in my previous articl...
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