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Friday, September 23, 2022

U.K. Fiscal Policy: Boom

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I normally stay away from commentary on budget statements, in that the analysis is mainly political in nature. In recent decades, the macro ...
Monday, September 19, 2022

Primer: Bank Treasury Operations

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I have been looking at The Moorad Choudry Anthology: Past, Present and Future Principles of Banking and Finance (Amazon affiliate link, and...
2 comments:
Wednesday, September 14, 2022

U.S. CPI: Ouch

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The CPI report in the United States was a horror show for Team Transitory. Although there were other areas with jumpy prices (e.g., food pri...
1 comment:
Monday, September 12, 2022

Comments On The Russian Military Collapse

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Although I am supposed to be working on some material on banking, I have been distracted by the flood of news out of Ukraine. Although there...
Tuesday, September 6, 2022

Bank Reserves Demystified

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Bank reserves feature prominently in Economics 101 discussions of banking. As is entirely typical for Economics 101 macroeconomics, the topi...
7 comments:
Wednesday, August 31, 2022

Reasons For Scepticism About Nominal GDP Targeting

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There has been an ongoing push for a switch to nominal GDP targeting by Market Monetarists and some mainstream allies. Although I agree that...
Thursday, August 25, 2022

The Incentives For Inflation "Targeting"

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Now that the furore about Modern Monetary Theory (MMT) has died down (other than the continuous pathetic strawman attacks), I am seeing a do...
8 comments: