This morning I feel like qouting myself: Over the past month, CEE and other non-euro European currencies have indeed been strengthening. This is ‘forcing’ central banks from the Swedish Riksbank to the Polish central bank to cut interest rates. So, we are getting a double effect of European monetary policy. The ECB is easing monetary policy, […]
All posts found when searching for currency war
An intra-European hot-pot effect
Posted by Lars Christensen on March 20, 2015
https://marketmonetarist.com/2015/03/20/an-intra-european-hot-pot-effect/
“Make America Keynesian Again”
Today I was asked to do an interview with a Danish radio station about Donald Trump and about whether one could say anything positive about him or rather about his economic agenda. I declined to do the interview. I frankly speaking has nothing positive to say about Trump. To me Donald Trump is an absolutely […]
Posted by Lars Christensen on November 9, 2016
https://marketmonetarist.com/2016/11/09/make-america-keynesian-again/
The PBoC’s monetary supremacy over Brazil (but don’t blame the Chinese)
Brazilian Finance Minister Guido Mantega likes to blame the Federal Reserve (and the US in general) for most evils in the Brazilian economy and he has claimed that the fed has waged a ‘currency war’ on Emerging Market nations. As my loyal readers know I think that it makes very little sense to talk about a […]
Posted by Lars Christensen on July 11, 2013
https://marketmonetarist.com/2013/07/11/the-pbocs-monetary-supremacy-over-brazil-but-dont-blame-the-chinese/
How Stan Fischer predicted the crisis and saved Israel from it
Today I talked to an Israeli friend about the state of the Israeli economy and particularly about the importance of monetary policy. One can really characterise the Israeli economy as being ‘boring’ in the sense that growth, inflation and markets have been quite stable in recent years – despite of the “normal” political (and geopolitical) […]
Posted by Lars Christensen on April 24, 2014
https://marketmonetarist.com/2014/04/24/how-stan-fischer-predicted-the-crisis-and-saved-israel-from-it/
‘The Myth of Currency War’
I know that most of my readers must be sick and tired of reading about my view on ‘currency war’. Unfortunately I have more for you. My colleague Jens Pedersen and I have written an article for the Danish business daily Børsen. The piece was published in today’s edition of Børsen. It is in Danish, […]
Posted by Lars Christensen on February 20, 2013
https://marketmonetarist.com/2013/02/20/the-myth-of-currency-war/
Bernanke knows why ‘currency war’ is good news – US lawmakers don’t
I stole this from Scott Sumner: Sen. Tom Coburn (R., Okla.) asks whether all the major central banks easing might diminish the benefits and lead to trade protectionism. “We don’t view monetary policy aimed at domestic goals a currency war,” [Bernanke] says. Easing policy can be “mutually beneficial” to other countries such as China, which […]
Posted by Lars Christensen on February 27, 2013
https://marketmonetarist.com/2013/02/27/bernanke-knows-why-currency-war-is-good-news-us-lawmakers-dont/
The Kuroda boom remains all about domestic demand
Remember when then Bank of Japan last year initiated its unprecedented program of monetary easing most commentators saw that as an attempt to wage currency war to boost Japanese exports? I instead stressed that the “export channel” was not likely to be what would drag Japan out of the deflationary trap. Rather I stressed the […]
Posted by Lars Christensen on January 6, 2014
https://marketmonetarist.com/2014/01/06/the-kuroda-boom-remains-all-about-domestic-demand/
Don’t tell me the ‘currency war’ is bad for European exports – the one graph version
It is said that Europe is the biggest “victim” in what is said to be an international ‘currency war’ (it is really no war at all, but global monetary easing) as the euro has strengthened significantly on the back of the Federal Reserve and Bank of Japan having stepped up monetary easing. However, the euro […]
Posted by Lars Christensen on February 19, 2013
https://marketmonetarist.com/2013/02/19/dont-tell-me-the-currency-war-is-bad-for-european-exports-the-one-graph-version/
I am sick and tired of hearing about “currency war” – and so is Philipp Hildebrand
Milton Friedman used to talk about an interest rate fallacy – that people confuse low interest rates with easy monetary policy. However, I believe that we today are facing an even bigger fallacy – the exchange rate fallacy. The problem is that many commentators, journalists, economists and policy makers think that exchange rate movements in […]
Posted by Lars Christensen on February 12, 2013
https://marketmonetarist.com/2013/02/12/i-am-sick-and-tired-of-hearing-about-currency-war-and-so-is-philipp-hildebrand/
The Market Monetarist- From excessively easy to excessive tight US monetary policy
- Re-visited: Firefighter Arsonists – the myth of the central bankers as ‘good’ crisis managers
- US monetary policy has become too TIGHT – the Fed risks significantly UNDERSHOOTING it’s 2% inflation target
- ChatGPT, Python, FRED and some NGDP gaps
- Re-visiting R*: Close to the end of the hiking cycle for the Fed
- US inflation set to fall sharply in the coming quarters
- Recession or not? Answering a question the Fed should not care about
- Milton Friedman commented on Powell’s Fed in 1978
- Carl Bildt is puzzled – he should read an economics textbook
- US domestic spending – a closer look at the 2021-22 data
The Market Monetarist 