Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
This is a holiday-shortened week in the US but there is some important data on tap. Retail sales are expected to show a month-to-month rise for the first time since September. Year-over-year numbers remain pretty subdued and likely will until life returns to something resembling normal. Producer prices will likely rise but inflation continues its […]
If you are a cranky grizzly like me, you want to be short. Well, trust me, anytime someone says “Trust me,” I don’t trust them.…
Regardless of our opinions about President Carter and his legacy, his Farewell Address is worthy of our attention and study.
A fascinating fresh survey of microeconomics literature on crypto currencies: “The Microeconomics of Cryptocurrencies” by Hanna Halaburda, Guillaume Haeringer, Joshua Gans, Neil Gandal (CESifo Working Paper 8841, 2021, NBER version link here: htt…
While the number of weekly jobless claims has been stalling for the past couple of months, hovering around 800,000 since late summer, the U.S. job market has continued its gradual recovery over said period. The number of job openings, a measure of labo…
Even though the technology behind autonomous vehicles has progressed hugely in recent years, it’s still by no means perfect. A long list of companies are still testing their electric vehicles in California to improve software capabilities and safety. D…
Sweden is not doing too well.
The U.S. pandemic experience has been associated with a cumulative excess mortality
Cumulated deaths per capita are exhibiting a slight slowdown