David Beckworth
David Beckworth's Latest Articles | 195
The Geithner Plan to Save Europe is Not Enough
The latest initiative to save the Eurozone is the “Geithner Plan“. It would have the Eurozone leverage up the EU’s €440 billion bailout fund... Read »
What Explains the Big Sell Off in Markets?
As Ezra Klein notes, many observers are attributing it to the FOMC saying it sees “significant downside risk” to the economy. Felix Salmon, however,... Read »
Maybe the GOP Leadership Has Known All Along
That additional monetary stimulus would help the economy. That is the only sense I can make of the letter from Republican leaders in Congress sent to Federal Reserve... Read »
Is It Time for the Eurozone to Get Rid of Germany?
Back in April 2010 when it first seemed the Eurozone was about to crack up, I did a post on the lessons of the Eurozone crisis. I argued then that the main lessons... Read »
Maybe FDR Should Get More Blame
I have mentioned many times here how the decision of FDR and his Treasury to devalue the dollar and not sterilize gold inflows sparked a robust recovery from 1933-1936.... Read »
How to Make Central Banks More Accountable for Passive Tightening
Yesterday we learned that despite the ongoing spate of bad economic news in both the Eurozone and the United States, monetary authorities in both places have decided... Read »
The Fed Gets Schooled Again on Central Banking: the Swiss National Bank Edition
I have continually stressed the need for the Fed to (1) publicly and forcefully announce a level target and to (2) back up such an announcement with a commitment... Read »
The Other Side of Household Balance Sheets
A popular explanation for the ongoing economic slump is that the United States is in the midst of a balance sheet recession. This view holds that the vast amount... Read »
Central Banks Still Have Much Ammunition
Ambrose Evans-Pritchard writes there is still much monetary policy can do to support the economy: [W]ith fiscal policy exhausted, the burden must fall on monetary... Read »
It’s Getting Ugly
Michael Darda sees trouble in the decline of long-term yields and attributes it to a negative velocity shock: The U.S. 30-year “long bond” yield has collapsed... Read »






