Attention Economy


Monday, August 21, 2023

Key Monetary Policy Debates

Why the Era of Historically Low Interest Rates Could Be Over
https://www.wsj.com/economy/central-banking/why-the-era-of-historically-low-interest-rates-could-be-over-49bcdc59
Higher productivity and increased deficits could raise the ‘neutral’ rate of interest, limiting Fed cuts
 
The Fed Should Carefully Aim for a Higher Inflation Target
https://www.wsj.com/articles/the-fed-should-carefully-aim-for-a-higher-inflation-target-reserve-powell-greenspan-5fef5051 

My take from Spring 2023:
Will the ‘Great Moderation’ Give Way to the ‘Great Volatility’? By VIVEKANAND JAYAKUMAR
https://www.ut.edu/uploadedFiles/Academics/Business/TBESpring2023_Final.pdf