WARREN MOSLER | Modern Monetary Theory

Re: The Sunny Side

[Skip to the end] (an email exchange) >    >   On Tue, Sep 16, 2008 at 10:24 AM, Tom wrote: >    >   Hi Coach, >    >   While financial markets

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Yellen the Dove on inflation

“Inflation is a problem,” she said. Yet the problem isn’t excessive demand, rising wages, or a tight labor market, but “negative supply shocks.” Once the

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Stagflation

Yes, the below analysis has also been the Fed’s position, up until this week’s speeches. It’s been about a crude/food/$ negative supply shock, supported by

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FOMC preview

My guess is the GDP forecast the Fed is now getting from it’s staff is not a downgrade from previous forecasts, and may even be

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Fed comments

The Fed is aware rate cuts don’t do much for near term financial disruptions. For example, the FF/LIBOR spread was first addressed with FF cuts,

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Re: FF vs. LIBOR

(an interoffice email) On Jan 14, 2008 10:29 AM, Warren Mosler wrote: > thanks, continued tafs will get it to wherever the fed actually wants

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Fed’s best move

From the Fed’s theoretical framework, their best move is: ♦ Cut the discount rate to 4.5 ♦  Leave fed funds at 4.5 ♦ Remove the

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