Monetary Policy, Latest Jobs Report, and “Austerity Economics”

When is the right time for the Fed to tighten monetary policy?

http://www.nytimes.com/2015/11/07/upshot/is-the-economy-overheating-heres-why-its-so-hard-to-say.html?hpw&rref=upshot&action=click&pgtype=Homepage&module=well-region&region=bottom-well&WT.nav=bottom-well

Assessment of the latest jobs report:

http://www.nytimes.com/2015/11/07/upshot/is-the-economy-overheating-heres-why-its-so-hard-to-say.html?hpw&rref=upshot&action=click&pgtype=Homepage&module=well-region&region=bottom-well&WT.nav=bottom-well

Economics of Austerity:

http://www.nytimes.com/2015/11/06/opinion/austeritys-grim-legacy.html?action=click&pgtype=Homepage&module=opinion-c-col-left-region&region=opinion-c-col-left-region&WT.nav=opinion-c-col-left-region

You are not supposed to understand the FED

http://mobile.nytimes.com/2015/10/25/magazine/youre-not-supposed-to-understand-the-federal-reserve.html?_r=0&referer=https://www.google.com/

Is the "Phillips Curve" alive"?

http://www.nytimes.com/2015/10/25/upshot/the-57-year-old-chart-that-is-dividing-the-fed.html?hp&action=click&pgtype=Homepage&module=second-column-region&region=top-news&WT.nav=top-news&_r=0

There is no Zero Lower Bound!

http://www.bloomberg.com/news/articles/2015-10-22/draghi-signals-new-stimulus-may-come-this-year-as-growth-falters


http://www.bloomberg.com/news/articles/2015-10-22/the-great-negative-rates-experiment

Discretionary Fiscal Spending

The news story http://www.nytimes.com/2015/10/20/us/politics/republican-freedom-caucuss-revolt-in-house-is-stoked-back-home.html?hp&action=click&pgtype=Homepage&module=first-column-region&region=top-news&WT.nav=top-news&_r=1

refers to a Congressional Budget office report that indicates the levels of discretionary fiscal spending has dropped as a percentage of GDP.


Congressional Budget Office report: https://www.cbo.gov/publication/50724

The Bolivar

On inflation: http://www.nytimes.com/2015/10/19/world/americas/few-in-venezuela-want-bolivars-but-no-one-can-spare-a-dime.html?hp&action=click&pgtype=Homepage&module=first-column-region&region=top-news&WT.nav=top--news&_r=0

Thee Modern Tools of Monetary Policy

http://www.bloomberg.com/news/articles/2015-10-21/these-are-the-fed-s-three-weapons-if-the-economy-falters