In the Seven Faces of "The Peril" (2010), St. Louis Fed president Jim Bullard speculated on the prospect of the U.S. falling into a Japanese-style deflationary outcome. His analysis was built on an insight of Benhabib, Schmitt-Grohe, and Uribe (2001) in The Perils of Taylor...
The hawkish nature of the Evans Rule
From Bloomberg Businessweek: The Fed Turns Aggressively Dovish with 'Evans Rule'The headline above seems to capture the general sentiment surrounding the FOMC's recent policy announcement. The recent move is characterized...
