Category Archives: Monetary Policy

The Dilemma of Monetary Tightening

Posted on August 24, 2014 by macromon

Interesting piece in the World Economics Association’s  Real World Economic Review on some of the difficulties the Fed faces when it begins tightening monetary policy.   They point out the policy contradiction that paying interest on excess reserves is an injection … Continue reading →

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Reverse Repo in 60 seconds – FT

Posted on July 10, 2014 by macromon

The cost of Fed liquidity is supposed to influence rates across the board, including those charged to the non-bank sector. However, since the crisis, private collateral rates have not always followed suit. The Fed Reverse Repo facility aims to change … Continue reading →

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China’s monetary policy – FT

Posted on June 11, 2014 by macromon

Easy monetary policy would support growth, but many of the problems in the Chinese economy are the result of too much credit. The FT’s Jamil Anderlini looks at what the People’s Bank of China is doing to keep the economy … Continue reading →

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Has Draghi opened the floodgates? – FT

Posted on June 9, 2014 by macromon

Mario Draghi is tackling the dearth of small business loans with €400bn of cheap long-term loans, TLTROs. William De Vijlder of BNP Paribas Investment Partners discusses with John Authers whether this will open the floodgates or lead to stagnant water … Continue reading →

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The ECB moves – is it enough? – FT

Posted on June 5, 2014 by macromon

The European Central Bank has cut its deposit rate to below zero per cent and introduced other radical measures to fight the threat of deflation. The FT’s Chris Giles and Ferdinando Giugliano discuss what these actions mean. For more video … Continue reading →

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ECB cuts rates to buoy eurozone economy – EuroNews

Posted on June 5, 2014 by macromon

(click here if video is not observable)

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Weekend Lecture: The Future of Monetary Policy – LSE

Posted on May 23, 2014 by macromon

Recorded on 20 May 2014 in Old Theatre, Old Building. In this lecture Charlie Bean, outgoing deputy governor of the Bank of England and visiting professor in the LSE Department of Economics will reflect on the economic events of the … Continue reading →

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Carney damps down rate rise talk – FT

Posted on May 14, 2014 by macromon

FT economics editor Chris Giles says Bank of England governor Mark Carney struck a relatively dovish tone when he announced his quarterly inflation report on Wednesday. Mr Carney stressed the economy had only just started to “head back towards normal”. … Continue reading →

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Janet Yellen’s Inner Circle – ReutersTV

Posted on February 12, 2014 by macromon

As Janet Yellen faces Congress for the first time as Fed chair, here’s a look at her inner circle – four trusted advisers who have her ear and whose public words will closely align with her own thinking. – ReutersTV … Continue reading →

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Yellen’s deflationary challenge – FT

Posted on February 10, 2014 by macromon

Tomorrow is a big day for the new Fed Chair. Janet Yellen, the new Federal Reserve board chair who gives testimony to Congress on Tuesday, may need to address deflation risks, says US markets editor Michael Mackenzie. He also discusses … Continue reading →

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