William J. Polley's Blog
Comments and observations on economics and whatever else catches my eye
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Posted 2 hours ago
Text of the press release
Posted 5 hours ago
So says Reuters (and CNBC)The statement came after U.S. business television channelCNBC reported the Fed was planning talks with the ChicagoMercantile Exchange, or CME, and the Intercontinental Exchan
Posted 14 hours ago
From the Federal Reserve:The Financial Services Regulatory Relief Act of 2006 originallyauthorized the Federal Reserve to begin paying interest on balancesheld by or on behalf of depository institutio
Tags: fed federal reserve
Posted 3 days ago
Alex Tabarrok at Marginal Revolution writes:The consensus among economists is now clear, the best strategy fordealing with the financial crisis is to recapitalize the banks thatneed recapitalization.
Posted 3 days ago
Still a week to go before the Prize in Economics is announced (the full title is The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel). My pick, as it has been for the last sev
Tags: economics
Posted 4 days ago
It's a familiar phrase to anyone who regularly reads legislation. Most people would call it pork. It's the extra stuff that goes into a bill to make it palatable to legislators who are not total
Posted 6 days ago
...is by David Altig. (Though some of his commenters have dissenting views.)
Posted 1 week ago
Five days ago, I wrote:So I am fairly confident that a workable solution will be reachedbefore the markets open on Monday. I do not look for an optimal solution. If an optimal solution exists,
Posted 1 week ago
... comes from Menzie Chinn:So if we end up delaying until households and small firms individually experience the credit crunch directly for the sake of ideology, well, we'll know where to locate the
Posted 1 week ago
Just add this to the pile... From the Bureau of Economic AnalysisReal gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increa
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