Project African Monetary Reform (PAMR)

Project African Monetary Reform (PAMR) – post 1 The blogoshere is full of debates about US monetary policy and the mistakes of the ECB are also hotly debated. However, other than that there is really not much debate in the blogoshere about monetary policy issues in other countries. I have from I started blogging said […]

Don’t forget the ”Market” in Market Monetarism

As traditional monetarists Market Monetarists see money as being at the centre of macroeconomic discussion. To us both inflation and recessions are monetary phenomena. If central banks print too much money we get inflation and if they print to little money we get recession or even depression. This is often at the centre of the […]

Schuler on money demand – and a bit of Lithuanian memories…

Here is Kurt Schuler over at “During the financial crisis of 2008-09, many central banks expanded the monetary base. In some countries, the base remains high; in the United States, for instance it is roughly triple its pre-crisis level. Such an expansion, unprecedented in peacetime, has convinced many observers that a bout of high […]

Indian superstar economists, Egyptian (not so liberal!) dictators, the Great Deceleration and Taliban banking regulation – Some more unfocused musings

While the vacation is over for the Christensen family I have decided to continue with my unfocused musings. I am not sure how much I will do of this kind of thing in the future, but it means that I will write a bit more about other things than just monetary issues. My blog will […]

Bernanke, Obama and the political business cycle – and some research ideas

This week I attended a presentation by my good friend and professor of political science at the University Copenhagen Peter Kurrild-Klitgaard about the upcoming US presidential elections. In his presentation Peter presented some of his models for predicting the outcome of US presidential elections. Peter’s thesis is that what determines the US presidential election primarily […]

The Economist comments on Market Monetarism

The Economist has an interesting article on Market Monetarists as well as would the magazine calls “Heterodox economics” – Market Monetarism, Austrianism and “Modern Monetary Theory” (MMT). I am happy to see this: “Mr Sumner’s blog not only revealed his market monetarism to the world at large (“I cannot go anywhere in the world of […]

Lee Kelly attracts some attention

Lee Kelly’s recent guest post on my blog have created a bit of attention. See here: Economics Sophisms: Let a thousand monies bloom Facts & other stubborn things: Lee Kelly on Money and Free Banking Economic Thought: The Apple as a Whole This is what is great about the blogosphere – a lot of real-time debate about important […]

The spike in Kenyan inflation and why it might offer a (partial) solution to the euro crisis

The euro zone is suffering from deflationary pressures and there is an obvious a need for monetary easing. On the other hand Kenya do not have that problem. In fact Kenyan inflation (and NGDP) has risen sharply since 2009. In some sense you can say that Kenya has what the euro zone needs and it […]

Join the Global Monetary Policy Network (GMPN)

Since I started blogging back in October 2011 I have been so lucky to get in contact with a large number of economists others with interest in monetary policy issues. That has been very rewarding and I want to thank everybody that are reading and commenting on my blog. You make it more inspiring for […]

Selgin is right – Friedman wanted to abolish the Fed

I guess George Selgin is right  – Milton Friedman at the end of his life had come to the conclusion that the Federal Reserve should be abolished. See for yourself here. This is six months before his death in 2006. See George’s excellent paper “Milton Friedman and the Case against Currency Monopoly”.