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Monetary rules vs. central bank discretion
On Monday I attended a conference in Copenhagen on monetary policy regime change with Lars Christensen of Danske Bank, Sam Bowman, research director here, Anthony J Evans, economics professor at ESCP...
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A question for market monetarists
Market monetarism, as propagated most prominently by Scott Sumner’s (excellent) blog The Money Illusion, argues that recessions come about due to a collapse in demand. This is a problem because prices...
View ArticleKick the ‘wise men’ out of the Bank of England
In today’s City AM, newly-minted ASI fellow Lars Christensen (aka The Market Monetarist) writes on the ‘Carney rule’. The Carney announcement is a tiny step in the right direction, he says, but as...
View ArticleVideo: Adam Smith Lecture 2014 by Scott Sumner
Scott Sumner’s Adam Smith Lecture, delivered last week, is now online. For my money it’s the best outline of his view of the Great Recession and the correct role of monetary policy that I have yet...
View ArticleShould central banks do emergency lending?
A barnstorming new paper from the Richmond Fed, written by its President Jeffrey Lacker and staff economist Renee Halter, argues that the Federal Reserve has drifted into doing too much credit policy...
View ArticleAn independent Scotland should use the pound without permission from rUK,...
Today the Adam Smith Institute has released a new paper: “Quids In: How sterlingization and free banking could help Scotland flourish”, written by Research Director of the Adam Smith Institute, Sam...
View ArticleClik here to view.
Monetary rules vs. central bank discretion
On Monday I attended a conference in Copenhagen on monetary policy regime change with Lars Christensen of Danske Bank, Sam Bowman, research director here, Anthony J Evans, economics professor at ESCP...
View ArticleClik here to view.
A question for market monetarists
Market monetarism, as propagated most prominently by Scott Sumner’s (excellent) blog The Money Illusion, argues that recessions come about due to a collapse in demand. This is a problem because prices...
View ArticleKick the ‘wise men’ out of the Bank of England
In today’s City AM, newly-minted ASI fellow Lars Christensen (aka The Market Monetarist) writes on the ‘Carney rule’. The Carney announcement is a tiny step in the right direction, he says, but as...
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