…supply restrictions lead to price hikes which tax currency holdings and thus boost aggregate demand. Come on, people, that is weak. This is a good point (and I also like…

From WSJ, low oil prices can be locked in for a year… (link) Remember, it also depends on what currency you buy the oil with… The US dollar is getting…

…rate target into the right slot: it was about making QE effective through commitment, so that you got the maximum impact on expectations. Actually, the success of the currency program…

…rely on Congress for funding, had operating expenses of $6.1 billion in 2014. This number included $1.9 billion to run the Federal Reserve Board, currency costs and operation of the…

…Cadillac scenario, an image of graduates driving Pink Cadillacs to currency exchanges to cash their big checks are about all Delisle and Holt can conjure up. We are left in…

…if you step out of line. His point is that eurozone membership has removed Greece’s ability to exercise monetary policy autonomy and respond to its specific conditions, including via currency…

…in the market for domestic-currency denominated sovereign bonds increased the impact of U.S. interest rates on the yield of these bonds once a threshold of 30 percent had been reached….

…small beer compared to cap gains. Asset markets go up, and there’s more money. This eschews the widespread confution of money with “currency-like things,” suggesting rather that all assets —…

…to finance government debt, which left the economy vulnerable to currency crises and capital flight. Arias and Wen conclude that governments manage the composition of capital inflows and control capital…

…is only 8.9%! Don’t believe the hype. Paul Krugman recently pointed out that Ireland’s employment performance continues to be dismal, especially in comparison with currency-devaluing, banker-prosecuting Iceland. Iceland’s employment now…