Monthly Archives: May 2011
New Study Questions Justification For Quantitative Easing
Proponents of Quantitative Easing frequently cite—inappropriately in my view—the Taylor Rule as support, saying that the rule calls for a federal funds rate as low as minus 6 percent, well below the zero bound. But in various pieces over the … Continue reading
Posted in Monetary Policy
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How to Avoid the New Bailout Authority
Title II of the Dodd-Frank bill, which creates a new orderly liquidation authority for financial institutions, has recently come under fierce attacks from a variety of perspectives. Paul Ryan writing in the Wall Street Journal on April 5 argues that … Continue reading
Posted in Financial Crisis
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A Morale Booster for the Financial Front Too
Anyone who has served in the military during the nearly ten years since 9/11 must feel a sense of closure with Bin Laden’s death. As Lindsay Wise writes in the Houston Chronicle “Bin Laden’s death is a dramatic morale booster … Continue reading
Posted in Teaching Economics
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Economics One 