Monthly Archives: April 2011

OPINION: How Much Counter-Cyclical Spending Is Too Much?

I try to keep Macrofugue as far away from theory – and as close to empiricism – as possible.  Today will be a little different. Above is the y/y inflation rate pitted against Output Gap (Real GDP as a fraction … Continue reading

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Measuring The Effects Of Quantitative Easing

Quantitative easing is most frequently blamed for the rise in commodity prices.  The monetarist perspective is that an increase in money supply through Fed treasury purchases is to blame for the rapid rise in commodity prices. The same monetarists, of … Continue reading

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