That's Interesting
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RBA Speech: Inflation Targeting and Economic Welfare
01st August, 2019Address by Philip Lowe to Anika Foundation Luncheon
External Link: https://www.rba.gov.au/speeches/2019/sp-gov-2019-07-25.html -
NPR Planet Money: Fed Cut
01st August, 2019The FED has lowered rates “But this decision by the Fed is controversial because right now the US economy seems to be doing fine — and cutting rates if the economy doesn’t need help is risky. So, should it be lowering rates right now? Today Cardiff and Stacey debate the wisdom and discuss the whys and wherefores of a rate cut now.”
External Link: https://www.npr.org/2019/07/30/746744003/stacey-vs-cardiff-the-fed-cut-throwdown -
Do banks have pricing power?
05th July, 2019How to measure pricing power and competitiveness in an increasingly concentrated US banking system?
External Link: https://www.stlouisfed.org/on-the-economy/2019/june/banks-market-power -
The Coast Guard Just Busted a Garlic-Smuggling Operation in the Caribbean
05th July, 2019Unlike other forms of smuggling that often involves illegal or banned substances, garlic is smuggled primarily for economic reasons.
“As part of the recent trade war between China and the United States, the U.S. imposed tariffs on Chinese garlic of 10 percent.”
External Link: https://www.atlasobscura.com/articles/garlic-smuggling -
IMF Working Paper – Enabling Deep Negative Rates to Fight Recessions: A Guide
30th May, 2019“The experience of the Great Recession and its aftermath revealed that a lower bound on interest rates can be a serious obstacle for fighting recessions. However, the zero lower bound is not a law of nature; it is a policy choice. The central message of this paper is that with readily available tools a central bank can enable deep negative rates whenever needed—thus maintaining the power of monetary policy in the future to end recessions within a short time.”
External Link: https://www.imf.org/en/Publications/WP/Issues/2019/04/29/Enabling-Deep-Negative-Rates-A-Guide-46598?cid=em-COM-123-38721 -
Tariffs on China are no substitute for a trade deal
30th May, 2019Podcast Episode: “In a special episode of Dollar and Sense, Senior Fellow David Dollar provides an update on the state of U.S.-China trade talks following the latest round of negotiations in Washington this week.”
External Link: https://www.brookings.edu/podcast-episode/tariffs-on-china-are-no-substitute-for-a-trade-deal/?utm_campaign=Brookings%20Brief&utm_source=hs_email&utm_medium=email&utm_content=72568261 -
NPR Planet Money Podcast: Will China Overtake The US?
30th May, 2019“It seems inevitable that eventually China will have a bigger overall economy than the United States.
George Magnus doesn’t agree. He’s an academic and the author of a book about China called Red Flags: Why Xi’s China Is in Jeopardy. And he says there are three reasons why China’s rise to overtake the U.S. as the world’s largest economy is not inevitable.”
External Link: https://www.npr.org/2019/05/09/721881130/will-china-overtake-the-us -
Assessing Abenomics: Evidence from Inflation-Indexed Japanese Government Bonds
30th May, 2019Federal Reserve Bank of San Francisco paper assessing the impact of news concerning the reforms associated with “Abenomics” using an arbitrage-free term structure model of nominal and real yields.
External Link: https://www.frbsf.org/economic-research/publications/working-papers/2019/15/?utm_source=mailchimp&utm_medium=email&utm_campaign=working-papers -
San Fran Fed: Does the Fed Know More about the Economy?
30th April, 2019‘In assessing the current or near-term state of the economy, forecasts from Federal Reserve staff seem to provide little additional information to improve commercial forecasts. However, Fed forecasts for economic growth a year or more in the future substantially enhance the accuracy of private-sector forecasts.’
External Link: https://www.frbsf.org/economic-research/publications/economic-letter/2019/april/does-fed-know-more-about-economic-forecasts/ -
Household Debt, Consumption, and Monetary Policy in Australia
30th April, 2019‘This paper discusses the evolution of the household debt in Australia and finds that while higher-income and higher-wealth households tend to have higher debt, lower-income households may become more vulnerable to rising debt service over time.’
External Link: https://www.imf.org/en/Publications/WP/Issues/2019/04/05/Household-Debt-Consumption-and-Monetary-Policy-in-Australia-46685?cid=em-COM-123-38611