Money Fetish

Marcus Nunes
Mostly revolving around monetary policy
Created 30 Jan 2021
  • Money Demand, the oft forgotten link
    17 Oct 2021 • 4 min read • 3 0
    After coming across talk titles such as these: ‘Is inflation caused by deteriorating inflation expectations or excessive money growth?’ On the 2020-21 surge in the amount of money and the return of in...
  • Beating about the bush
    14 Oct 2021 • 1 min read
    I single out Jason Furman because I believe his statement is a good example of the failure to recognize who conducts the economic orchestra. A Jason Furman tweet: Jason Furman @jasonfurman Most of the...
  • An Illustrative Panel
    14 Oct 2021 • 1 min read • 1 0
    We are being “overburdened” by the “inflation talk”. Two examples from today: Ryan Avent writes “Disco Inferno”: in considering whether we are entering a new and potentially stagflationary era, it’s n...
  • State of Play (August 21)
    08 Oct 2021 • 2 min read • 1 0
    This is the fifth installment of “State of Play. As usual. I start with a few recent tidbits. Lawrence H. Summers @LHSummers Consumer spending is strong and looking to rise into Christmas as COVID rec...
  • "Macroeconomic Patterns & Stories"
    24 Sep 2021 • 6 min read • 2 5
    The title of this post borrows from Ed Leamer´s text with the same title. After reading the following posts: Joseph Politano writes “The Fault in R-Stars: The Problems in Policymaking Based on "Natura...
  • The Great Recession from an Aggregate Demand Perspective
    10 Sep 2021 • 9 min read
    The previous arguments may be indicating that an IT regime may not be ideal. In the second half of the 1980´s several researchers, notably Bennett McCallum, with the purpose of devising “rules” for MP...
  • The Great Recession from an Aggregate Demand Perspective
    10 Sep 2021 • 5 min read
    (Note: This piece was written in November 2009 as “notes to myself” when I decided to write up a story based on NGDP targeting and see if it fitted the “facts”. I believe the illustrations help in und...
    08 Sep 2021 • 3 min read
    [Note. This post was written a little over 5 years ago. I republish it here because the prefix “stag” (stagnation/stagflation), widely used at the time are making a comeback. Two examples: “The stagfl...
  • State of Play (July 21)
    06 Sep 2021 • 3 min read • 1 2
    Last month´s caption was from Steve Hanke at the WSJ on July 28: Fed Chairman Jerome Powell conceded at his press conference Wednesday that prices had caught the central bank by surprise, but he showe...
  • Is Monetary Policy Democrat or Republican?
    05 Sep 2021 • 9 min read • 1 0
    As the moment that President Biden has to appoint a Fed Chair approaches, there are pro & con voices with regards to the reappointment of Jay Powell. Some examples: Alan Cole: “Replacing Powell would ...
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