Thursday, September 24, 2015

Andy Haldane and BOEcoin

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The 1995 British two pound "Dove" coin The Bank of England's chief economist Andrew Haldane recently called for central ...
31 comments:
Friday, September 11, 2015

Hike rates when you hear the creak of inflation at the door, not when you see the whites of its eyes

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A common argument against the Fed raising interest rates next week is the asymmetry in risks that it faces. If it keeps rates low too l...
6 comments:
Saturday, September 5, 2015

Why big fat Greek bank premiums?

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National Bank of Greece depository receipt certificate ( source ) If you're like me and you like to: 1) explore anomalies in market...
Wednesday, August 26, 2015

Negative skewness, or: bulls walk up stairs, bears jump out of windows

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Recent market action is a good reminder of the asymmetry in markets. In general, stock market rises don't look like stock market de...
29 comments:
Wednesday, August 12, 2015

How many bullets does the Bank of Canada have left in its chamber?

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It's been a while since I blogged about Canadian monetary policy, but Luke Kawa's recent tweet on the topic of Canada's effec...
15 comments:
Monday, August 3, 2015

Freshwater macro, China's silver standard, and the yuan peg

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1934 Chinese silver dollar with Sun Yat-sen on the obverse side. The ship may be in freshwater. I have been hitting my head against the...
13 comments:
Friday, July 24, 2015

Know thyself... or carry a wallet

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  Of all the axioms of utility theory, the completeness axiom is perhaps the most questionable.    - Robert Aumann, Nobel Prize Winner ...
1 comment:
Friday, July 17, 2015

Stablecoin

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The whippersnappers who work in the cryptocurrency domain are moving incredibly fast. As I've been saying for a while, assets like b...
28 comments:
Friday, July 10, 2015

There won't be a drachma-induced recovery

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₯ I catch both Lars Christensen and Brad DeLong making the claim that an introduction of the drachma will work wonders for Greece. Lars...
29 comments: