ricardian ambivalence

QE-outlook dims as Summers brightens

The QE outlook has started to dim, as Lawrence Summers firms as favourite to replace Bernanke next year. This seems

There was some confusion about core CPI yesterday, thanks to the divergence between trimmed mean CPI & weighted median CPI

The Q2 CPI result came in around where i was expecting, with headline CPI a little higher (it was 0.4%q/q

Today we have Australian Q2 CPI. My best guess is that Q2 headline CPI will be around 0.25%qoq, which will

My friend Chris Joye has been writing for the AFR for about a year, and has just had his first

The June employment report has nicely set up the RBA to cut rates at their August meeting, so long as

I am taking a blog-holiday … I don’t expect to post much over the next few weeks. Should be back

In my recent post regarding central bank balance sheet operations and bond market term premium (see how QE works), there’s a

The BIS has just published a paper which traces the main path through which QE works to stimulate the economy.

The AFR’s star RBA watcher, Alan Mitchell says that the RBA doesn’t need to cut rates at their July meeting.

The May gross flows data suggests an ossifying labour market: if you have a job, you are more likely to

The WSJ’s inimitable Jon Hilsenrath has just published a note that emphasises that the market reaction to Bernanke’s tapering comments