David Beckworth
David Beckworth's Latest Articles | 37
The Correct Money Supply Measure for This Crisis
Mark Thoma points us to Gary Gorton’s testimony for the Financial Crisis Inquiry Commission where, among other things, Gorton notes that an accurate measure... Read »
Revenge of the Balance Sheets
The U.S. economic crisis has been called by some observers as a balance sheet recession given the deterioration of the balance sheets in the banking system and the... Read »
More on the Eurozone Challenges
Ambrose Evans-Pritchard reports on the latest challenge in the Greek bailout: The EU has issued a political pledge to rescue Greece – and by precedent, all Club... Read »
The Fed’s Exit Strategy
So Ben Bernanke confirmed that the Fed may have to turn to interest paid on excess reserves as its main policy tool rather than targeting the federal funds rate.... Read »
The Eurozone Problem in One Picture
Stephanie Flanders directs us to to this picture from HSBC which nicely summarizes the problems the Euro has created for Greece over the past decade. It is striking... Read »
Eurozone Periphery and the Euro
After reading Paul Krugman’s anatomy of a Euromess, I thought I would look take a quick look at the Eurozone countries through the prism of the optimal currency... Read »
Janet Yellen: The Fed is a Monetary Superpower
Federal Reserve Bank of San Francisco President Janet Yellen makes the case for the Fed as a monetary superpower, at least in Asia: For all practical purposes, Hong... Read »
The Eurozne: Deja Vu Argentina 2001 & Other Thoughts
The sovereign debt problems in the Eurozone periphery and the implications of this development for the future of the currency union attracted a lot of attention... Read »
Job Numbers Back to 2004 Levels
There have been approximately 7.2 million jobs lost–as measured by total nonfarm payrolls–in the United States since the start of the recession in December... Read »
Academic vs. Wall Street Economists
The WSJ recently asked a number of economists whether they thought the Fed’s low interest rates in the early-to-mid 2000s were an important contributor to... Read »





