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The inverse relationship between central banks’ credibility and the...
A colleague of mine today said to me ”Lars, you must be happy that you can be a monetarist again”. (Yes, I am a Market Monetarists, but I consider that to be fully in line with fundamental monetarist...
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The thinking of a ”Great Moderation” economist
Imagine you are ”born” as a macroeconomists in the US or Europe around 1990. You are told that you are not allowed to study history and all you your thinking should be based on (apparent) correlations...
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The Jedi mind trick – Matt O’Brien’s insightful version of the Chuck Norris...
Our friend Matt O’Brien has a great new comment on the Atlantic.com. Matt is one of the most clever commentators on monetary matters in the US media. In Matt’s new comment he set out to explain the...
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The un-anchoring of inflation expectations – 1970s style monetary policy, but...
In country after country it is now becoming clear that we are heading for outright deflation. This is particularly the case in Europe – both inside and outside the euro area – where most central banks...
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