Deflation & Monetary Policy

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http://www.themoneyillusion.com/?p=1371 I’d like to welcome any new readers from China, who may have discovered this blog through the Netease version.

TheMoneyIllusion » The Chinese yuan: It’s not a zero-sum game. -

Following my previous macroblog post on tools for managing the Federal Reserve’s balance sheet, I received a few questions, and I’m using today’s post to reply to these.

macroblog: More on interest on reserves - Mozilla Firefox

http://macroblog.typepad.com/macroblog/2009/05/more-on-interest-on-reserves.html
http://www.federalreserve.gov/newsevents/speech/bernanke20090522a.htm I am very pleased to have the opportunity to address the graduates of the Boston College Law School today. I realized with some chagrin that this is the third year in a row that I have given a commencement address here in the First Federal Reserve District, which is headquartered at the Federal Reserve Bank of Boston.

FRB: Speech--Bernanke, Commencement address--May 22, 2009 - Mozi

Thanks Elrring Peace for sending it and thanks Benobi to put this map together. Will read it with a lot of attention! by wallen Apr 23

An also some tentative response to countearct deflationary pressures... Monetary policy is likely to be the key...not fiscal policy... by benobi Apr 21

Risks of deflation associated with the deleveraging process (rising saving rate and falling credit demand) look more serious than evere. Here are the reasons why. by benobi Apr 21