Fiscal Policy

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Lending Standards, Credit Booms, and Monetary Policy

via Economics Working Papers
Thursday, December 10, 2015

Economics Working Paper WP15115

Analysis and Commentary

Swedish Banks Are Government Informants

by Alvin Rabushkavia Thoughtful Ideas
Tuesday, December 8, 2015

Sweden is the leading example of a "cashless" economy. Currency in circulation has been steadily declining in recent years, reaching a low of SEK 68.9 billion on October 15, 2015.

Interviews

Thomas J. Sargent: "A History Of U.S. Debt Limits"

interview with Thomas J. Sargentvia International Monetary Fund
Wednesday, December 2, 2015

Hoover Institution fellow Thomas Sargent discusses the history of US debt limits.

In the News

CalPERS Raising Questions About Private Equity Returns

quoting Joshua D. Rauhvia Press Chronicle
Thursday, November 26, 2015

CalPERS also said it had made $24.2 billion in profit from private-equity firms over the same period, according to its new data-collecting program, called Private Equity Accounting and Reporting.

No, Bill Poole, The Fed Does Not Set The Federal Funds Rate

by David R. Henderson
Wednesday, November 25, 2015

The Fed does set the federal-funds rate--the overnight interest banks charge to lend to each other--and surely affects the timing of rate changes, but not the longer-run level.

In the News

CalPERS Discloses More Private Equity Payments

quoting Joshua D. Rauhvia Capital Public Radio
Tuesday, November 24, 2015

In a rare look at the unusual arrangement required by the private equity industry, the California Public Employees’ Retirement System has released new data about what it pays for its investments.

Analysis and Commentary

More Data Or Less?

by David R. Hendersonvia EconLog
Tuesday, November 24, 2015

My friend and Hoover colleague John Cochrane has signed a letter to four members of Congress that calls on Congress to spend more money on getting better economic data.

Analysis and Commentary

Early Fisherism

by John H. Cochrane via Grumpy Economist
Tuesday, November 24, 2015

John Taylor has an interesting blog post with a great title, "Staggering Neo-Fisherian Ideas and Staggered Contracts." John goes back to a paper he wrote in 1982 for the Jackson Hole conference, on the issue of that time, how to lower inflation.

The Federal Reserve
In the News

Rules Beat Discretion, Then And Now

quoting John B. Taylorvia e21, Economic Policies for the 21st Century
Monday, November 23, 2015

The Fed Oversight Reform and Modernization (FORM) Act would require the Federal Reserve to adopt an identifiable rule describing how it manages key policy interest rates.

Analysis and Commentary

Beware Of Economists Calling For More Government Funding Of Government Data Collection

by Alvin Rabushkavia Thoughtful Ideas
Monday, November 23, 2015

Sixty-three distinguished economists signed an open letter to Congress urging increased federal spending for government agencies charged with collecting economic data.

Pages

Economic Policy Working Group

 
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

Milton and Rose Friedman: An Uncommon Couple