Monetary Economics is Hard

On 5 August, the RBI Governor did a speech in Hyderabad. I was disappointed in reading this speech; it suggests little learning of monetary economics amongst RBI staff after the 1960s. See this response by Ila Patnaik.

A few recent papers look at these things very differently: John Taylor (June 2010), Takatoshi Ito (July . . . → Read More: Monetary Economics is Hard

Retail Sales Continue at a Steady, Healthy Year over Year Rate

Retail sales continued at a steady pace in the Aug. 7 week according to Redbook’s tally on Tuesday. The Redbook report shows a plus 3.0% year-on-year pace, unchanged from the prior week.

According to a similar measure from ICSC-Goldman on Tuesday the year-on-year pace currently is at 3.7%. The Goldman report sees the full-month . . . → Read More: Retail Sales Continue at a Steady, Healthy Year over Year Rate

Economic Events on August 11, 2010

The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week increase of 0.3% in the Purchase Index and a week to week increase of 0.6% in the Refinance Index as the housing market showed a slight improvement for the third  week in a row from the . . . → Read More: Economic Events on August 11, 2010

Sweet Facts About Sugar

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