David Beckworth
David Beckworth's Latest Articles | 195
It Is Never Too Late: Global Economic Collapse Edition
The global economy appears to be headed over cliff this year. The emerging world is experiencing a significant economic slow down, the Eurozone will probably... Read »
Bernanke: “Read My Lips, Not My Japan Papers!”
Fed Chairman Ben Bernanke was asked in the post-FOMC press conference whether the Fed’s response to the current economic crisis is consistent with his views... Read »
The Bernanke Conundrum and Level Targeting
Many observers have been baffled by the transformation of Ben Bernanke the academic who argued the Bank of Japan in the 1990s was not trying hard enough to restore... Read »
Obama Needs His FDR Moment
Last year Christina Romer argued that Fed chairman Ben Bernanke needed a Volcker moment. What she meant is that like Paul Volcker in the early 1980s, Bernanke needs... Read »
Fed Policy Has Been Too Tight Since 2009 – Yellen
Vice Chair of the Fed Janet Yellen looks at a number of monetary policy rules and concludes that U.S. monetary policy has been too tight (my bold): [R]esource utilization... Read »
Is There Really An Aggregate Demand Problem?
Probably the most important debate on U.S. monetary policy is whether there really is an aggregate demand shortfall and, as a result, a negative output gap. If the... Read »
Germany Stiffs the ECB
I previously made the case that the Eurozone and Germany need to part ways. Now it appears Germany is effectively doing that by setting up a separate monetary zone... Read »
The Most Important Idea Bernanke Did Not Discuss in His Lecture
Fed Chairman Ben Bernanke delivered his fourth lecture yesterday. He used this lecture to showcase the Fed’s response to the financial crisis. The Chairman... Read »
This is What Ails Europe
Paul Krugman argues that the primary problem facing Europe is a monetary one (my bold): So what does ail Europe? The truth is that the story is mostly monetary.... Read »
NGDP Targeting News Roundup
Just when you thought interest in nominal GDP (NGDP) might be waning there is more, including some discussions of it from central bank officials. First, Mark Carney,... Read »






