What I’ve been reading
Facebook Twitter LinkedIn Back in March, I read a set of essays by Javier Marias. He’s a big fan of Joseph Conrad, who also happens...
Author : TheMoneyIllusion
What I’ve been watching
Facebook Twitter LinkedIn I used to do a best of the year film list, but things have changed. First, I no longer see films at...
How does yield curve control work?
Facebook Twitter LinkedIn Many readers had difficulty understanding my recent post on interest rates, exchange rates and monetary shocks. That’s probably because most of us...
Western ostriches
Facebook Twitter LinkedIn And yes, I’m including myself. This article linked to by Tyler Cowen caught my eye: In the second week of February, Kobinger...
Identifying monetary policy shocks
Facebook Twitter LinkedIn People generally visualize monetary shocks as a univariate phenomenon, perhaps a change in the short-term interest rate, or a change in the...
A monologue about “a conversation about race”
Facebook Twitter LinkedIn I’m hardly the first person to notice that we haven’t yet had a useful “conversation about race”, and are not likely to...
Most Nordic countries flattened the curve
Facebook Twitter LinkedIn I’m not sure the precise definition of “Nordic”, but these countries seem to fit the bill: Switzerland was hit hardest in its...
Trump doesn’t kid. (Just kidding)
Facebook Twitter LinkedIn [This post is silly. If you want a good post then check out my newest at Econlog.] Reporters asked Trump if he...
As I keep saying, lockdowns are mostly endogenous
Facebook Twitter LinkedIn Roughly 99% of people think that low interest rates are an expansionary monetary policy. But the readers of this blog know otherwise....
Adam Smith Institute seminar on NGDP targeting
Facebook Twitter LinkedIn I recently participated in an Adam Smith Institute seminar on NGDP targeting (with Anthony Evans and Matt Kilcoyne.) I had my usual...