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