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David Beckworth

Affiliation: Texas State University

David Beckworth is an assistant professor of economics at Texas State University in San Marcos, Texas.

Visit: Macro and Other Market Musings




David Beckworth's Latest Articles | 182

Can Raising Interest Rates Spark a Robust Recovery?

Feb 8, 2012| 

Could the Fed spark a robust recovery by raising its federal funds rate target? For Bill Gross the answer is yes. He believes a key reason holding back the recovery... Read »

The FOMC Confuses Me

Jan 27, 2012| 

The FOMC has spoken and here is what it said (my bold): To support a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent... Read »

The Shining Star of Europe?

Jan 25, 2012| 

Fareed Zakaria points us to what may be the shinning star of Europe: [P]erhaps the biggest reason for poverty-stricken nations like Egypt to pay close attention... Read »

The Fed’s Long-Term Interest Rate Forecast May Backfire

Jan 24, 2012| 

The Fed is about to release it first long-term interest rate forecast. Gavyn Davies explains how this could enable U.S. monetary policy to add more stimulus without... Read »

How to Fix the ECB’s Communication Problem

Jan 19, 2012| 

The ECB has a serious communication problem. It has undertaken a number of unconventional measures lately–the three year LTROs, the acceptance of questionable... Read »

FOMC Decides to Focus on the Rudder, Not the Destination

Jan 4, 2012| 

The FOMC minutes from the December meeting reveal that starting this month the Fed will start publishing conditional long-term forecasts for the federal funds rate... Read »

The Weak Recovery is a Policy Failure

Dec 30, 2011| 

In my last post I argued that nominal GDP targeting does not depend on bank lending to work. Instead, its success depends on the Fed using the nominal GDP target... Read »

What Really Caused the Crisis?

Dec 29, 2011| 

I was looking at some employment data and was reminded of this figure: This figure shows that construction employment reached a peak in April, 2006 and started... Read »

The Real Negative Real Shock

Dec 26, 2011| 

Are all the problems in the U.S. economy nominal? Robert Gordon implicitly says no in a new paper on the long-run outlook for U.S. productivity (hat tip Reihan Salam).... Read »

Bill Gross Forgets About the Natural Interest Rate

Dec 20, 2011| 

Like Paul Krugman, I am am puzzled by Bill Gross’ Op-Ed in the Financial Times. Gross argues that the low interest rates of the Federal Reserve are causing... Read »

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