Posted in Economics on April 4th, 2013 1 Comment »
How do you write Scott Sumner Day in Japanese? Haruhiko Kuroda Day? The BOJ said it changed the target for money-market operations from the overnight call rate to the monetary base – cash in circulation and the money that financial institutions have on deposit at the central bank. It predicts the measure will grow to 270 trillion yen [...]
Posted in Economics on September 14th, 2012 1 Comment »
Yes, it is. I haven’t seen anyone else say it yet, so I will. The Fed’s policy move today might not have happened — probably would not have happened — if not for the heroic blogging efforts of Scott Sumner. Numerous other bloggers, including the market monetarists and some Keynesians and neo Keynesians have been [...]
Posted in Economics on July 7th, 2012 1 Comment »
Anna Schwartz is not a name too familiar with too many Malaysians. That is a shame because her works as an economist wield great influence in this era of economic uncertainty. Read up major financial newspapers, magazines, financial news channels or leading economic blogs and one will come up an idea which she—together with the [...]
Posted in Economics on December 31st, 2011 No Comments »
Before this, nominal GDP is hardly a statistics one would look at. Things are starting to change with the rise of market monetarism. Here is how the nominal GDP for Malaysia looks like, in comparison to real GDP. As you can see, there is a big gap between potential and actual output in nominal GDP. [...]
The name is Hafiz Noor Shams.
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