Sobre la reducción de QE3

Ryan Avent

Calculated Risk

Matt O'Brien

FT Alphaville

David Glasner

Stephen Williamson

Tim Duy sobre el disenso de Bullard

James Hamilton: The end of low interest rates

Unwinding the world's biggest economic experiment

Entrevista con James Bullard

Scott Sumner vs Evan Soltas

Ryan Avent: Whose low rates are these?

"But the point of QE, in a broader sense, is that other things will not remain equal. Low interest rates are supposed to discourage saving and encourage borrowing and investing, adding to overall economic demand. That, in turn, should raise expected inflation, should raise the expected path of short-run real rates, and should reduce demand for safe assets. So QE should hold down interest rates relative to a baseline level reflective of broader conditions, which should then rise as a result. Effective QE could then produce a pattern of falling rates giving way to rising rates. Or it could produce a muddle. And the expected end of QE could produce similarly confusing price moves."

Mike Konkzal: Que era más importante de QE3, las compras o el guidance?

The all-powerful Fed

Barry Eichengreen cree que la crisis fue por el 'credit crunch' de China

Minutas de la reunión de la Fed. Comentarios de Tim Duy y FT Alphaville

Traders vs economists

Blogs review: The Bernanke doctrine and the separation between forward guidance and tapering