#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #consumer #bankcrisis
Any amateur (like me) with a passing interest in economics knows the story: the Fed controls the economy by raising or lowering interest rates. Those then affect the banking system's credit impulse which either adds to or takes away from the general economy depending on what CBers wish to accomplish.
Of course, almost none of that is true. How did it get to be this way? Answering that question reveals a lot more than you might think.
Eurodollar University's Money & Macro Analysis
ECB Monetary Policy Decisions October 26, 2023
https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.mp231026~6028cea576.en.html
Bundesbank TPI
https://www.bundesbank.de/en/tasks/monetary-policy/outright-transactions/transmission-protection-instrument-tpi--896158
FOMC Transcript August 1, 2011
https://www.federalreserve.gov/monetarypolicy/files/fomc20110801confcall.pdf
Milton Friedman: A Program for Monetary Stability (1960)
https://miltonfriedman.hoover.org/objects/57536/a-program-for-monetary-stability
FOMC Transcript June 27-28, 2000
https://www.federalreserve.gov/monetarypolicy/files/FOMC20000628meeting.pdf
RBI Michael Debabrata Patra: Lost in Transmission? Financial Markets and Monetary Policy
https://rbi.org.in/Scripts/BS_SpeechesView.aspx?Id=1338
BOE Catherine Mann: Expectations, lags, and the transmission of monetary policy
https://www.bankofengland.co.uk/-/media/boe/files/speech/2023/february/expectations-lags-and-the-transmission-of-monetary-policy-speech-by-catherine-l-mann.pdf
Twitter: https://twitter.com/JeffSnider_AIP
https://www.eurodollar.university
RealClearMarkets Essays: https://bit.ly/38tL5a7
