Brian Romanchuk's commentary and books on bond market economics.
New MMT Book
Friday, September 23, 2022
U.K. Fiscal Policy: Boom
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
I have been looking at The Moorad Choudry Anthology: Past, Present and Future Principles of Banking and Finance (Amazon affiliate link, and...
Wednesday, September 14, 2022
U.S. CPI: Ouch
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...
Monday, September 12, 2022
Comments On The Russian Military Collapse
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
Bank reserves feature prominently in Economics 101 discussions of banking. As is entirely typical for Economics 101 macroeconomics, the topi...
Wednesday, August 31, 2022
Reasons For Scepticism About Nominal GDP Targeting
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"
Now that the furore about Modern Monetary Theory (MMT) has died down (other than the continuous pathetic strawman attacks), I am seeing a do...
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