Monetary
Australian inflation rate falls sharply as supply pressures ease – William Mitchell – Modern Monetary Theory – Beragampengetahuan
Today’s post is a complement to my post on earlier this week – So-called ‘Team Transitory’ declared victors (January 8, 2024). Yesterday (January 10, 2024), the Australian Bureau of Statistics published the latest – Monthly Consumer Price Index Indicator – for November 2023, which showed another sharp drop in inflation. The data are the closest […]
My blog is on holidays – William Mitchell – Modern Monetary Theory – Beragampengetahuan
My blog is on holidays until Wednesday, January 3, 2024. Here are two photos from the local coast this morning. The day started with a special Xmas day Parkrun in very stormy conditions. On the way back to my house, I stopped at one of my favourite locations nearby on the South Coast of Victoria […]
Event Guide: BOE Monetary Policy Statement December 2023 – Beragampengetahuan
Before the year comes to a close, the Bank of England will make its final monetary policy statement of 2023. What’s expected this time? And how might pound pairs react to potential changes in the central bank’s bias? This Article Is For Premium Members Only Become a Premium member for full website access, plus […]
Prosperity of Australian households going south, while Keir Starmer praises Margaret Thatcher – William Mitchell – Modern Monetary Theory – Beragampengetahuan
I am covering a few topics today, given that I used yesterday’s post space to analyse the national accounts release. There is a further point I wish to make about the latest national accounts data. A focus on real household disposable income shows the full extent of the impacts of monetary policy (rate hikes) and […]
The origins of monetary policy disagreement: The role of supply and demand shocks – Beragampengetahuan
The origins of monetary policy disagreement: The role of supply and demand shocks Carlos Madeira, João Madeira and Paulo Santos Monteiro in this research says whether inflationis due to demand shock or supply shock matters a lot for mon policy: Since a year after the onset of the Covid-19 pandemic, there has been a global resurgence […]
Letter from The Cape Podcast – Episode 19 – William Mitchell – Modern Monetary Theory – Beragampengetahuan
Episode 19 of my – Podcast – Letter from The Cape – is now available. Coming today from The Cape, Victoria, Australia. In this episode, I discuss the mess that privatisation and public-private partnerships have created. I note that these arrangements were all justified by the claim that the governments had run out of money […]
The Smith Family manga continues – Episode 4 is now available – William Mitchell – Modern Monetary Theory – Beragampengetahuan
Episode 4 in our new weekly Manga series – The Smith Family and their Adventures with Money – is now available. Have a bit of fun with it and circulate it to those who you think will benefit … The Smith Family are a middle-class family living in a city somewhere in the world. The […]
Launching the CofFEE Financial Resilience Barometer – Version 1.0 – William Mitchell – Modern Monetary Theory – Beragampengetahuan
It’s Wednesday and while there is a lot to write about, I am prioritising the release today of our latest research at the Centre of Full Employment and Equity (CofFEE). The release of what we are calling the – CofFEE Financial Resilience Barometer – Version 1.0 – is part of a research collaboration I have […]
IMF paper on Africa exemplifies why the mainstream approach is problematic – William Mitchell – Modern Monetary Theory – Beragampengetahuan
During the – 1997 Asian financial crisis – when the IMF intervened and imposed harsh structural adjustment packages on the impacted countries (cuts in spending and interest rate hikes), we learned that IMF officials would swan in from Washington to, for example, Seoul, for a weekend, hole up in expensive hotels and by the end […]
It will end badly if we rely on the speculators and gamblers for a climate change solution – William Mitchell – Modern Monetary Theory – Beragampengetahuan
I am now in a very hot and humid Kyoto having left Australia yesterday in weather that was in some places 20 or more degrees Celsius above the norm for early Spring. The heat here and back home at this time of year is rather scary given what it portends. I also do not have […]