John Cochrane, The Grumpy Economist
Industrial Policy Is Unwise But Not Impossible
Alexander William Salter, National Review
Allison Schrager, E21
Since 2008 the Fed changed how it conducted monetary policy. It started paying interest on reserves and did more reverse repurchase agreements. This is when the Fed sells a security to an eligible party (often financial institutions that do not have a reserve account at the Fed) with the agreement to buy it back the next day for a different price. Read more here....
by David R. Henderson
The Federal Reserve has announced a tighter monetary policy, but its stance remains accommodative.
Biden’s top labor economist suggests a trade-off between inflation and employment.
Joseph Sullivan, National Review
Fed’s Infighting Shows Lack of Answers About Inflation
Brian Chappatta, Bloomberg
Connecting the Dots in China
Stephen Roach, Project Syndicate
Desmond Lachman | The Hill
An Interview Eesti Päevaleht (Estonia) (pdf)
December 13, 2021