David Andolfatto
David Andolfatto's Latest Articles | 80
Why Gold and Bitcoin Make Lousy Money
A desirable property of a monetary instrument is that it holds its value over short periods of time. Most assets do not have this property: their purchasing power... Read »
Monetary Policy in a Liquidity Trap
Krugman has an interesting article today, Monetary Policy in a Liquidity Trap. I (sort of) agree with much of it. But I believe that a few comments are in order. Consider... Read »
Poor Germany
Well, here’s an eyebrow raiser: Germans Among Poorest in Europe: ECB Study. The paper is available here: The Eurosystem Household Finance and Consumption Survey.... Read »
Germany: The Price of Stability?
My colleague, Fernando Martin, has an interesting chart that plots the real per capita GDP of five industrialized countries since 1991: (click to enlarge) The... Read »
Fed Balance Sheet Risks
The Balance Sheet As everyone knows, the Fed’s balance sheet has more than tripled since the financial crisis. Here is a look at the liability side of the... Read »
On the Perils of Taylor Rules
In the Seven Faces of “The Peril” (2010), St. Louis Fed president Jim Bullard speculated on the prospect of the U.S. falling into a Japanese-style... Read »
On the Perils of Taylor Rules
In the Seven Faces of “The Peril” (2010), St. Louis Fed president Jim Bullard speculated on the prospect of the U.S. falling into a Japanese-style... Read »
Why El-Erian Should be Reading Steve Williamson
You have likely heard of Mohamed El-Erian, one of the heads at PIMCO. Let’s just say that El-Erian and other major bond investors pay a lot of attention to... Read »
Shadow Banking
The Arrow-Debreu model provides the foundation for modern macroeconomic theory and the theory of finance. This is probably as it should be. But like most foundations,... Read »
Gold Standard Bullet Points
I was asked recently to provide a set of bullet points on the gold standard. What you see below is my first draft on the subject. It’s probably already too... Read »
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Market Data
Latest Posts
- Stock Options Watch: MU, VNDA, MW
- Top Stocks Upgrades-Downgrades June 19, 2013
- Trade Ideas: BBRY, F
- Musk Watch – TSLA, SCTY
- Tesla (TSLA) Issues Minor Recall of its Model S Cars
- General Electric (GE) Breaks Out on New ‘Industrial Internet’ Project
- Options Activity Alert: LZB, DD, PRLB
- Gold May Yet Again Shine for Investors
- Detroit: D is for Disaster
- This Currency Pair Is Causing Gold To Fall – GLD, DGP, GDX
