Dictionary money
Nick Rowe points out that if a central bank wants to control the economy's price level, it needn't issue any actual money—it can ju...
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Kocherlakota on cash
September 02, 2016
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anonymity,
Bill Woolsey,
Bitcoin,
cash,
Fedcoin,
fintech,
free banking,
George Selgin,
Kurt Schuler,
Larry White,
Narayana Kocherlakota,
Nick Rowe,
Scott Sumner,
stablecoin,
usury,
zero lower bound
Edit
Narayana Kocherlakota, formerly the head of the Federal Reserve Bank of Minneapolis and now a prolific economics blogger, penned a recent ar...
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Why hasn't Canadian Tire Money displaced the Canadian dollar?
April 26, 2016
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Bank of Canada,
David Andolfatto,
legal restrictions hypothesis,
medium of exchange,
Nick Rowe,
Stephen Williamson
Edit
Canadians will all know what Canadian Tire Money is, but American and overseas readers might not. Canadian Tire, one of Canada's larges...
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A 21st century gold standard
April 20, 2016
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coins,
compensated dollar,
David Glasner,
gold,
gold standard,
Irving Fisher,
Lars Christensen,
Nick Rowe,
quantitative easing,
TIPS,
zero lower bound
Edit
Imagine waking up in the morning and checking the hockey scores, news, the weather, and how much the central bank has adjusted the gold cont...
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Central banks' shiny new tool: cash escape inhibitors
Februari 21, 2016
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Bank of Japan,
cash,
large value note embargo,
Miles Kimball,
Nick Rowe,
SNB,
zero lower bound
Edit
Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank Negative interests rates are the shiny new thing that everyone wan...
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Does the Fed lack the technical means to dive into negative rate waters?
Februari 03, 2016
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federal funds rate,
Federal Reserve,
Marvin Goodfriend,
Narayana Kocherlakota,
Nick Rowe,
ON RRP facility,
seigniorage,
Stephen Williamson,
zero lower bound
Edit
The Federal Reserve may be in a bit of a bind. With the Bank of Japan reducing rates to -0.1%, many commentators are calling on the Fed to ...
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Euros without the Eurozone
Juni 29, 2015
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dollarization/euroization,
ECB,
lender of last resort,
Nick Rowe,
seigniorage,
Target2,
unit of account
Edit
This 2 euro coin is issued by Monaco, which is not a member of the Eurozone Grexit isn't what people take it to be. The standard narrati...
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Sign Wars
November 15, 2014
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David Beckworth,
deflation,
fundamental value,
inflation,
John Cochrane,
liquidity premium,
Neo-Fisherism,
Nick Rowe,
notgeld,
Weimar hyperinflation
Edit
Does a lowering of a central bank's interest rates create inflation or deflation? Dubbed the ' Sign Wars ' by Nick Rowe, this ha...
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Fedwire transactions and PT vs PY
Juli 21, 2014
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clearing and settlement,
Federal Reserve,
Fedwire,
Irving Fisher,
John Maynard Keynes,
Milton Friedman,
Nick Rowe,
quantity theory of money,
System of National Accounts
Edit
Milton Friedman's alleged license plate, showing the equation of exchange The excruciatingly large revisions that U.S. first quarter GDP...
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