Global Economy
Understanding the differences between German and Italian investment spending
The following guest post on trends in public investment spending is from Marcello Minenna, the head of Quantitative Analysis and Financial Innovation at Consob, the Italian securities regulator. The views expressed here are his personal opinions and do not necessarily reflect the views of Consob.
Marcus Noland explains the North Korean economy
North Korea began as a Stalinist society oriented around heavy industry and manufacturing. In this week’s episode, Marcus Noland of the Peterson Institute for International Economics talks with Matt Klein about how the country’s economy has changed over time.
A former Fed insider explains the internal debate over QE3
In this guest post, Bill Nelson, formerly a deputy director of the Federal Reserve Board’s Division of Monetary Affairs and the current chief economist of The Clearing House, explains how the open-ended asset purchase programme caused Fed officials to rethink their approach to managing the balance sheet.
Moneyness and Term Premia
In this guest post, Manmohan Singh of the International Monetary Fund and Phil Prince of Pine River Capital Management argue that the use of longer-term securities as collateral for short-term borrowing should affect how central bankers think about “money”. All views expressed are of the authors only and do not represent the opinions of the IMF or Pine River Capital.
