About the Author:
Jeffrey A. Frankel is the James W. Harpel Professor of Capital Formation and Growth at Harvard Kennedy School. He directs the Program in International Finance and Macroeconomics at the National Bureau of Economic Research, where he is also on the Business Cycle Dating Committee, which officially declares recessions. He currently serves on advisory panels for the Federal Reserve Banks of New York and Boston, the Bureau of Economic Analysis, and the Peterson Institute for International Economics.
Tag Archives: Inflation
More Black Swans?
I have arguedthat the best way to think of “black swan” events is as developments that, even though low-probability, can in fact be contemplated ahead of time. Even if they are the sort of thing that has never happened before … Continue reading
Posted in 2012 presidential election, Budget, China, Euro, Europe, Financial Crisis, Inflation, Oil, Uncategorized
Tagged 2012 presidential election, budget, China, euro, Europe, Financial Crisis, Inflation, Oil, Uncategorized
Comments Off on More Black Swans?
Black Swans of August
Throughout history, big economic and political shocks have often occurred in August, when leaders had gone on vacationin the belief that world affairs were quiet. Examples of geopolitical jolts that came in August include the outbreak of World War I, … Continue reading
Posted in 2012 presidential election, Budget, Climate Change, Commodities, Emerging markets, Euro, Europe, Financial Crisis, Inflation, Oil
Tagged 2012 presidential election, budget, Climate Change, Commodities, emerging markets, euro, Europe, Financial Crisis, Inflation, Oil
Comments Off on Black Swans of August
The FOMC is Right to Stay the Course on QE2
The Fed has come in for a surprising amount of criticism since its decision in the fall of 2010 to launch a new round of monetary easing — Quantitative Easing 2. Ben Bernanke and his colleagues are right not to give in to these attacks.
Critiques seem to be of four sorts. (Some are […] Continue reading
Posted in Dollar, Inflation, Monetary Policy, Recession
Tagged Dollar, Inflation, Monetary Policy, Recession
Leave a comment
Gold: A Rival for the Dollar
Robert Zoellick put a few sentences about gold toward the end of a column in today’s FT that are drawing a lot of attention. I doubt very much if the World Bank President has in mind a return to the gold standard, but goldbugs and critics alike are talking as if he does.
Even if […] Continue reading
Posted in Asia, China, Commodities, Dollar, Euro, Exchange Rates, Inflation, Investing, Monetary Policy
Tagged Asia, China, Commodities, Dollar, euro, Exchange Rates, Inflation, Investing, Monetary Policy
Leave a comment
TIPS tips
Everyone asks for tips: Where can I put my money? Stocks or bonds have done very badly over the last year, needless to say, and one cannot be confident that they have hit bottom. Should one just leave everything in banks and money market funds? Surely there must be something else worth buying?
Inflation-indexed bonds (TIPS in […] Continue reading
belferfrankel.wordpress.com 