Poor GermanyWell, here's an eyebrow raiser: Germans Among Poorest in Europe: ECB Study. The paper is available here: The Eurosystem Household Finance and Co…Read More
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: The data …Read More
Røeggendommen gir bare begrenset effektDNB er dømt for å gi feil informasjon, ikke for å markedsføre et dårlig produkt. Konsekvensene for de andre investorene kan derfor være begrenset. H…Read More
Monetary policy in a liquidity trapKrugman 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 ar…Read More
Fed Balance Sheet RisksThe Balance SheetAs everyone knows, the Fed's balance sheet has more than tripled since the financial crisis. Here is a look at the liability side of …Read More
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