Links: 2013-11-08

Monetary Policy
Monetary policy: On escaping the zero lower bound | The Economist
"the most aggressive policy adjustments that seem to be under consideration and assuming a very long expansion the odds of falling back to the zero lower bound in the next recession are quite high. Even if the Fed were to augment its forward guidance by changing target, to a 3% inflation target or a nominal income target. And what would happen then?"
2017? - Tim Duy's Fed Watch
"Be wary of assuming that a change in the unemployment threshold to 5.5% implies the Federal Reserve intends to keep rates near zero into 2017. The results of the English et al. (2013) paper suggests a much smaller change in expectations for the timing of the first rate hike from such a policy shift."
ECB adds to bubbly markets’ r...


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