The Grumpy Economist

An email correspondent sent the above graph. The title is [Federal Reserve] Liabilities and Capital: Liabilities: Earnings Remittances Due ...

I wrote an oped for Il Sole 24 Ore on central bank digital currency, as part of a series they are doing. It's here in their premium ed...

Scott Sumner posted an excellent   Review of Strategies for Monetary Policy  (Book information and, yes free pdfs here ). By "excellent...

On October 20, I was graciously invited to give a talk at the   ECB Conference on Monetary Policy : bridging science and practice.  I survey...

Strategies for Monetary Policy  is a new book from the Hoover Press based on the conference by that name John Taylor and I ran last May. (...

I found a kindred spirit. Narayana Kocherlakota, ex president of the Minneapolis Fed, shares my concerns over the current lending and bailo...

Larry Summers has an interesting tweet stream (HT Marginal Revolution) on the state of monetary policy. Much I agree with and find insightf...

I did a podcast with David Beckworth, in his "macro musings" series, on the Fiscal Theory of the Price Level, blogging, and a few ...

I spent last week traveling and giving talks. I always learn a lot from this. One insight I got:  Real interest rates are really important ...

Larry Summers writes an eloquent FT column " A world stumped by stubbornly low inflation " Market measures of inflation expectat...

Gerard MacDonell has a lovely noahpinion guest post "So Much for the QE Stimulus" (HT Marginal Revolution ). Some good bits here, ...

The Wall Street Journal Monday Oct 19 offers a reflection on deflation in Switzerland . "It’s as close to an economic consensus as ...

Source: Council of Economic Advisers Long term interest rates are trending down around the world. And it's not just since the great ...

Martin Feldstein has an interesting Op-Ed in the Wall Street Journal, " Why the U.S. Underestimates Growth ." The basic idea is ...

Jamie McAndrews of the New York Fed has a  thoughtful and clear speech on negative nominal rates and the benefits of currency. (Some previo...

A while ago in two blog posts here and here I suggested many ways other than currency to get a zero interest rate if the government tries ...