Category Archives: BOJ

Turning Japanese

A noted [monetary extremist] resident at GMU’s Mercatus Center fretted on March 20th that Japan’s efforts during 2001-06 to have the central bank finance deficits ‘didn’t work’ – i.e., they failed to ignite meaningful levels of wealth-sapping inflation. The reason? As our sage tells us, was that there was ‘no commitment… to a permanent expansion of the monetary base’ as expounded in the ratiocinations of that dark genius of modern central bank theorising, Michael Woodford. We replied:-

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Central Banking: It’s alive!!

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A recent miscellany

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The Mephisto Polka

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Fretting on the Fed: Monitor No.5

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Faking it

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Uncertainty! GASP!

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Time to Get Real

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