Posts tagged 'Brad DeLong'

And from the fiscal fudge-osphere

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| Jan 02 09:48 | Comment |

You’ve heard what the early (and slim) analyst reaction has been, now for what the blogosphere has had to say about the fiscal deal achieved.

A good rundown comes courtesy of Pragmatic Capitalism’s Cullen Roche:

  • A deal was actually finalized. That’s good news. It looked like we might actually go into January without a deal and that the odds of no deal at all were rising.
  • No one really won here. Congress is totally dysfunctional.
  • There’s still a lot unanswered.

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What Bagehot said…

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| May 23 2012 21:39 | Comment |

Brad DeLong’s note on the first decades of central banking practice and theory didn’t get as much attention as his paper on fiscal policy at the zero bound (co-authored with Larry Summers) — but we really think it’s worth a read for anyone with an interest in the topic.

We won’t summarise the whole thing here, but one point in particular is worth emphasising. Read more

The trouble with seigniorage

| Nov 11 2011 09:47 | Comment |

Gavin Davies asks a good question on his FT blog: Does the ECB really have a silver bullet?

An increasing number of market participants want to believe it does, and some have even convinced themselves that the ECB will pull the trigger on unsterilised bond buying, but Davies remains to be convinced. Read more