Tuesday , January 19 2021
Home / David Andolfatto: Macro Mania / Some thoughts on yield curve control

Some thoughts on yield curve control

There's been a lot of talk about "yield curve control" (YCC) as of late. I found the recent exchange between Joe Weisenthal and David Beckworth (with many others chiming in) very interesting:I normally enjoy Joe's hot takes, but this one... yikes. It is a good example, in my view, of why relying too heavily on the "money view" (i.e.liquidity preference view) of interest rates can cause one to miss the forest for the trees. Let me explain...1/n https://t.co/EjUltLb4dF— David Beckworth (@DavidBeckworth) August 9, 2020 A number of us gathered on Zoom to discuss the subject. What follows is my own take on YCC and some of the issues involved. If you're interested in joining in on a future Zoom discussion, let me know.  One thing I learned from the people I talked to is that my notion of YCC

David Andolfatto considers the following as important:

This could be interesting, too:

Amol Agrawal writes Top 15 Indian Economy Blogs And Websites To Follow in 2021

Amol Agrawal writes Legally speaking, how many central banks can issue digital currency?

Amol Agrawal writes No-fault Default, Chapter 11 Bankruptcy, and Financial Institutions

Amol Agrawal writes UK Treasury looking to appoint head of monetary policy

David Andolfatto
Construction worker turned academic turned central banker. Opinions expressed here are my own, not St. Louis Fed nor U.S. Fed Reserve System.

Leave a Reply

Your email address will not be published. Required fields are marked *