Could the rally in Greek sovereign debt have further to run?
By: Matthew C Klein
Cutting taxes on actual workers would be a good start.
Tax cuts may or may not be a good idea. But worrying about the impact on the deficit is silly.
Even if you trust consumer sentiment data, there is little to suggest that the improvement in expectations will lead to significantly more spending.
Lower overall tax rates and a bigger standard deduction could more than offset the impact.
Why should the benefits of integration and price stability be limited to Europe?
Hyun Song Shin on symptoms versus causes.
Enough with that blasted Oliver Wendell Holmes quote.
Small is beautiful.
New research investigates how to make the Greek government’s debt sustainable without making any heroic assumptions.
The triumph of hope over experience.
Market prices imply airlines won’t maintain their profitability without sadistic measures to tamp down costs.
Post-crisis mortgages cost more. That might be because banks are doing them properly this time.
Jamie Dimon thinks there is “too much” capital in the banking system. Fed economists in the supervisory division think there isn’t nearly enough.
If all the free-thinkers in a country leave, guess who’s left?
Pension plans don’t speculate on macro trades.
This is a real puzzler.
Cashing out of stocks after prices have dropped can make a lot of sense if you’re worried that incompetent policymakers are about to drive your country into a repeat of the Great Depression.
Lots of money chashing expensive assets generally doesn’t end well.
Something odd in the ECB’s disaggregated financial statements.
Central banks generally think they are reacting to changing economic conditions. What if they’re actually causing them?
The euro area starts to look like a functional monetary union when you focus on America’s worst-performing state.
New research on why people stop paying their mortgages from New York seems to contradict older research on the subject from Atlanta and Boston.
Creative efforts to detract from the standard narrative don’t hold up to scrutiny.
From hot money flows to the cross-currency basis.
An intriguing relationship broke down last November.
Labour standards are important too.
Mark Carney thinks he’s too old to be a central banker? Or that he’s young at heart?
A few brief thoughts on the departure of another Fed governor.