Posts tagged 'Nominal GDP'

Mark Carney raises NGDP expectations

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

Learn more

| Subscribe to Kate's posts
| Dec 12 2012 09:17 | Comment |

BoE governor-to-be Mark Carney made a speech titled ‘Guidance’ last night. It was all about communications strategies, for both companies and central banks — a very interesting topic for students of monetary Jedi tactics.

Carney stressed at the beginning that his talk would be about guidance, and not containing guidance. Tee hee! However, he did drop the N-bomb and when a central bank governor talks in positive terms about a non-mainstream monetary policy framework, it’s… interesting. Read more

Still missing: faster NGDP growth, or expectations thereof

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).

Learn more

| Subscribe to Cardiff's posts
| Jul 06 2012 17:38 | Comment |

We already discussed at length the evolving and (yet again) disappointing relationship between jobs and profits growth, along with the not-so-anomalous-in-context swings in productivity growth these past few years.

But it’s worth mentioning one more time given this morning’s crapadocious jobs report and the start of earnings season on Monday. Read more

Interesting Israeli easing

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

Learn more

| Subscribe to Joseph's posts
| Jun 25 2012 16:29 | Comment |

Israel’s central bank had just cut interest rates at pixel time on Monday, easing by 25bps to a 2.25 per cent policy rate.

Why’s this one so important, we hear you ask. Read more

Four trends in central bank-land

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

Learn more

| Subscribe to Kate's posts
| Apr 17 2012 11:13 | Comment |

1. The central bank bashing doesn’t start and end with Bernanke.

Central banks just about everywhere make fantastic political punching bags, and the popularity of this tactic is growing. For example: 
 Read more

Pasty-toting muppets

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

Learn more

| Subscribe to Joseph's posts
| Mar 28 2012 15:58 | Comment |

Chart via Citigroup, bouncing off the latest UK GDP revisions downward (hat-tip Bond Vigilantes):

 Read more

Bernanke could do better

| Nov 03 2011 10:05 | Comment |

Having floated the idea that the Federal Reserve should target a nominal level of GDP, Goldman’s top economist Jan Hatzius is none too pleased that Ben Bernanke shot the suggestion down in Wednesday’s post FOMC presser.

He’s not happy with Bernanke’s response that the benefits of the Fed’s current framework — by which he means the Taylor Rule — have been demonstrated because he thinks the Chairman could do so much better.  If only he would listen to Goldman: Read more

Should the Fed target a nominal level of GDP?

| Oct 19 2011 13:04 | Comment |

Anything Lord Wolfson can do…

LONDON, Oct 19 (Reuters) – A leading British businessman is offering a 250,000 pound ($390,000) reward for economists who can come up with the best plan for countries to quit the European single currency zone. Read more

How yields track nominal GDP changes

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).

Learn more

| Subscribe to Cardiff's posts
| Aug 24 2011 21:51 | Comment |

Yes, we know what happened today: gold down, dollar up, 10-year Treasury yields climbed to 2.30 per cent.

We heard. Jeeeeest a bit less room for Bernanke to let us down on Friday. Read more