Tuesday, March 31
Monday, March 30
Sunday, March 29
29th Mar - W/E: Weekly Support
Here are
the links to the weekly roundups, reviews and also previews of the beginning
week. Last week's 'Support' here. This post will be updated as new material is published.
Friday, March 27
Thursday, March 26
26th Mar - Paven ja Hellun sössönsööt
Rautio on klassinen HS-päätoimituskirjoittelija - varttifantsuttelija, jonka harmitus siitä, että "väärät" ihmiset olivat oikeassa, on läpinäkyvää. Taidot ja tiedot eivät riittäneet olla oikeassa oikeaan aikaan. Hänen mielestään neutraalia toimitustyötä on se, että ensin fantsutellaan, ja sitten kun fantsuttelun epäonnistuminen on kaikille ilmiselvää, tunnustetaan, että metsään meni.
Wednesday, March 25
Tuesday, March 24
Monday, March 23
23rd Mar - Round up the usual suspects
Henri M:
A tough question (I want to draw attention also from Keep Talking Greece asking politely how this matter is handled in Greek media, because I have still difficulties to follow the Greek news):
Sunday, March 22
Saturday, March 21
21st Mar - W/E: Weekly Support
Here are
the links to the weekly roundups, reviews and also previews of the beginning
week. Last week's 'Support' here.
This post will be updated as new
material is published.
Friday, March 20
Thursday, March 19
Wednesday, March 18
Tuesday, March 17
Monday, March 16
Sunday, March 15
15th Mar - W/E: Weekly Support
Here are
the links to the weekly roundups, reviews and also previews of the beginning
week. Last week's 'Support' here.
This post will be updated as new
material is published.
Friday, March 13
Thursday, March 12
Wednesday, March 11
11th Mar - Finland's price
Ei isoja heilahteluita merkillepantavaa voimakas nousu finanssikriisin alkaessa. Huono juttu Suomelle. |
Sama vähän lyhyemmältä ajanjaksolta - Suomen euron devalvoituminen on ollut melko pientä. Mukana helmikuu 2015 lukemat, joten ihan viimeisin euron heikkous / dollarin vahvuus ei tässä vielä näy. |
Suomi ja Ruotsin pitkällä aikavälillä. Aika käsi kädessä niitä devalvaatioita aikoinaan puuhattiin. |
Suomi-Ruotsi lyhyellä aikajänteellä |
Tuesday, March 10
Monday, March 9
Sunday, March 8
8th Mar - W/E: Weekly Support
Here are
the links to the weekly roundups, reviews and also previews of the beginning
week. Last week's 'Support' here.
This post will be updated as new
material is published.
Friday, March 6
Thursday, March 5
Wednesday, March 4
Tuesday, March 3
Monday, March 2
2nd Mar - Random thoughts: ECB
I often start writing an article, and something else comes up, or space is limited, and I never publish the draft. Here are couple of such texts:
The ECB,
its mandate and unconventional monetary policy
While the
ECB is bound by the treaties and is not allowed to finance member states
directly, it could take the "ensuring proper transmission of monetary
policy, buying in the secondary markets"-route. It has done this with SMP.
It can go off-balance-sheet, Enron-style, and buy bonds issued by the European
Stability Mechanism or the European Investment Bank, which could funnel money
to governments or alternatively finance infrastructure projects directly and
bypass the governments. I doubt much good would follow from another mammoth
EU-project. The track record of Brussels is appalling.
But as Draghi hinted, much like Bernanke has previously, if fiscal policy is tight, structures are inelastic and a common budget to alleviate asymmetrical shocks is missing, monetary policy becomes a blunt weapon – though still effective, it requires more force, which could have unwanted consequences.
Could even more dovish and unconventional monetary policy be supported with macro-prudential policies? Experiences with shadow banks, self-regulation and too-big-to-fails suggest that it would probably not work
I am siding with the NGDP-targeting crowd and market monetarists here. The easiest thing to do would be to end the 2%-target. It is not listed in the treaties, it is only a result of a consensus of the executive board. If they voted and agreed to a target of 4% with caveats, it would become reality.
But as Draghi hinted, much like Bernanke has previously, if fiscal policy is tight, structures are inelastic and a common budget to alleviate asymmetrical shocks is missing, monetary policy becomes a blunt weapon – though still effective, it requires more force, which could have unwanted consequences.
Could even more dovish and unconventional monetary policy be supported with macro-prudential policies? Experiences with shadow banks, self-regulation and too-big-to-fails suggest that it would probably not work
I am siding with the NGDP-targeting crowd and market monetarists here. The easiest thing to do would be to end the 2%-target. It is not listed in the treaties, it is only a result of a consensus of the executive board. If they voted and agreed to a target of 4% with caveats, it would become reality.
Sunday, March 1
1st Mar - W/E: Linkfest
Here are the weekend's links on the world, economics and a bit more relaxing off-topic reading.
1st Mar - W/E: Weekly Support
Here are
the links to the weekly roundups, reviews and also previews of the beginning
week. Last week's 'Support' here.
This post will be updated as new
material is published.
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