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The Deleveraging Cycle
I’ve used some of my weekend to catch up on some reading. I’ve thus just finished ‘A Template for Understanding — how the economic machine works and how it is reflected now’ by Ray Dalio, the founder...
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Fiscal policy in a depressed economy
Brad DeLong and Larry Summers has a new paper out titled ‘Fiscal Policy in a Depressed Economy‘. It’s full of greek letters, but it’s conclusion is quite clear: Short term fiscal stimulus works and is...
View ArticleIn Time as a proximation for our monetary system
Last night I watched In Time. If you haven’t, you really should. It’s a great movie, even if you think what I’m about to write is BS.There are so many great analogies that I don’t know where to...
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Swiss franc depreciation — why and what now?
Pictet think it was because of the ECB’s not-so-dovish press conference:Over the past week or so, the Swiss franc suddenly weakened significantly against the single currency, reaching almost CHF1.255...
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A primer on corridors and floors in monetary policy
With the debate started by Krugman and Interfluidity on floors, base money, and monetary policy (and more), it might be useful with a primer on the difference between corridors and floors in monetary...
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