The Market Monetarist
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Macroprudential follies and procyclical central bankers

I couple of days ago I came across an article from Bloomberg, which I think is very telling about everything which is wrong about the recent hype about macroprudential policies. This is from Bloomb...
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The Peltzman effect and banking regulation

I like to tell people that I prefer taxis where the driver is not wearing a seatbelt. This mostly confuses people – at least non-economists – because the general perception is that people who do no...
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There is no ’fiscal cliff’ in Japan – a simple AS-AD analysis

There is no ’fiscal cliff’ in Japan – a simple AS-AD analysis | The Market Monetarist | Scoop.it
It is now very clear that what Milton Friedman advocated the Bank of Japan should do back in the mid-1990s – to expand the money base to get Japan out of deflation – is in fact working. Nominal spe...
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The Angell rule - a market approach to monetary policy

The Angell rule - a market approach to monetary policy | The Market Monetarist | Scoop.it
I have for some time had the idea that Federal Reserve thinking in the second half of the 1980s and the early part of the 1990s was dominated by a view that in many ways resembles Market Monetarist...
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The Bird fight - Yellen vs Summers

The Bird fight - Yellen vs Summers | The Market Monetarist | Scoop.it
I have co-authored a paper on Yellen versus Summers with my Danske Bank colleagues Signe Roed-Frederiksen, Kristoffer Kjær Lomholt and Mikael Olai Milhøj. This is the abstract: Fed chairman Ben Ber...
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Reserve Bank of India and the Tinbergen rule: Please end the stop-go policies!

Reserve Bank of India and the Tinbergen rule: Please end the stop-go policies! | The Market Monetarist | Scoop.it
It is hard to keep track of the direction of monetary policy in India. This is from Bloomberg this morning: Indian (SENSEX) stocks climbed for the first time in four days, led by the biggest rally ...
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Property rights and banking crisis - toward a "Financial Constitution"

I just found a great paper - "A Coasean Approach to Bank Resolution Policy in the Eurozone" - on banking resolution by Gregory Connor and Brian O’Kelly. Here is the abstract: "The Eurozone needs a ...
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Airport musings on India, Danish efficiency and Larry Summers

I am writing this while I am sitting in London's Heathrow Airport (Terminal 5) after having spending a couple of days in London. To be quite frank I think I have been suffering from a bit of writer...
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Overcoming writers block by writing about India's failed stop-go monetary policy, Danish airport security and efficiency and on why Larry Summers might be MORE dovish than Janet Yellen.

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Paul Krugman and 'reality TV economics'

I have been thinking a lot about whether to write this blog post or not because by doing so I will get involved in what I am try to criticizing - the emergence of what we could term 'reality TV eco...
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My CNBC interview on why Chuck Norris should be the next Fed chairman

My CNBC interview on why Chuck Norris should be the next Fed chairman | The Market Monetarist | Scoop.it
This is me on CNBC being interviewed by Kelly Evans about why I think Chuck Norris should be the next Fed chairman. Enjoy. The interview was inspired by this blog post of mine on the same topic.
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efficientforecast.com has the only data the FOMC needs

Justin Ivring did it! With some help from his body Kenneth D’Amica he has set up a new website efficientforecast.com, which shows a real-time forecast for next year's expected US NGDP growth. The f...
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Ukraine should adopt an 'Export Price Norm'

It has not be a great year for Emerging Markets and the next Emerging Markets country to worry about could very well be Ukraine. This is what my Danske Bank colleague Sanna Kurronen has to say abou...
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It is time to let bygones be bygones

It is time to let bygones be bygones | The Market Monetarist | Scoop.it
US bond yields continue to rise. To some this is a major risk for the global economy. However, I continue to think that there is no reason to worry about rising US bond yields - at least not from t...
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What is Crashes in Cycling’s Grand Tours telling us about banking crisis?

The concept of moral hazard can often be hard to explain to non-economists - or at least non-economists are often skeptical when economists try to explain excessive risk taking in banking with mora...
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Maybe the Brazilian central bank should give Mike Belongia a call

Central banks from India to Turkey and Brazil these days seem to completely have lost track of their objectives - jumping from one objective (inflation targeting) to another (exchange rate targetin...
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Helmut Reisen on the "China as monetary superpower" hypothesis

Helmut Reisen on the "China as monetary superpower" hypothesis | The Market Monetarist | Scoop.it
I have in a number of blog posts argued that China is a global or at least an Asian monetary superpower, which is exporting monetary tightening across Asia. In a new very good blog post the former ...
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The Second Asian Crisis? Feeling the impact of Chinese monetary tightening

The Second Asian Crisis? Feeling the impact of Chinese monetary tightening | The Market Monetarist | Scoop.it
This is from Bloomberg this morning: Asian stocks fell for a fourth day after U.S. Treasury yields reached a two-year high. Currencies from Malaysia to Thailand declined amid an emerging market exo...
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Contingent Liability, Capital Requirements, and Financial Refor Joshua R. Hendrickson

Lars Christensen's insight:

A very intelligent paper by Josh Hendrickson about why incentives (Contingent Liability) are better than rules (capital requirements) in banking regulation. 

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2013 Public Choice Outreach Seminar - Coordination Problem

2013 Public Choice Outreach Seminar - Coordination Problem | The Market Monetarist | Scoop.it
|Peter Boettke| This time last year was the last opportunity I had to hear Jim Buchanan speak, and I thought of the experience as a privilege -- just as I had the first time I ever saw him talk in...

Via Peter Boettke
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Elena Labastida's curator insight, August 13, 2013 12:26 PM

Prof. James Buchanan, galardonado con el premio Nobel de Economía en 1986 por su "Teoría de Elección Pública" (Public Choice):

 

http://es.wikipedia.org/wiki/James_M._Buchanan

 

Léan más sobre esta teoría, la cual tiene un gran poder explicativo!

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Firefighter Arsonists - the myth of the central bankers as 'good' crisis managers

Firefighter Arsonists - the myth of the central bankers as 'good' crisis managers | The Market Monetarist | Scoop.it
The recent debate about who should be the new Federal Reserve governor has made me think about the general misperception that a good central bank governor is a good "crisis manager". This is for ex...
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Indian superstar economists, Egyptian (not so liberal!) dictators, the Great Deceleration and Taliban banking regulation - Some more unfocused musings

Indian superstar economists, Egyptian (not so liberal!) dictators, the Great Deceleration and Taliban banking regulation - Some more unfocused musings | The Market Monetarist | Scoop.it
While the vacation is over for the Christensen family I have decided to continue with my unfocused musings. I am not sure how much I will do of this kind of thing in the future, but it means that I...
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Beating the Iron Law of Public Choice – a reply to Peter Boettke

Studying Public Choice theory can be very depressing for would-be reformers as they learn about what we could call the Iron Law of Public Choice. The students of Public Choice theory will learn fro...
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