- Apr 2023
-
theodora.com theodora.com
-
Based on yesterday's discussion at Dan Allosso's Book Club, we don't include defense spending into the consumer price index for calculating inflation or other market indicators. What other things (communal goods) aren't included into these measures, but which potentially should be to take into account the balance of governmental spending versus individual spending. It seems unfair that individual sectors, particularly those like defense contracting which are capitalistic in nature, but which are living on governmental rent extraction, should be free from the vagaries of inflation?
Throwing them into the basket may create broader stability for the broader system and act as a brake via feedback mechanisms which would push those corporations to work for the broader economic good, particularly when they're taking such a large piece of the overall pie.
Similarly how might we adjust corporate tax rates with respect to the level of inflation to prevent corporate price gouging during times of inflation which seems to be seen in the current 2023 economic climate. Workers have seen some small gains in salary since the pandemic, but inflationary pressures have dramatically eaten into these taking the gains and then some back into corporate coffers. The FED can increase interest rates to effect some change, but this doesn't change corporate price gouging in any way, tax or other policies will be necessary to do this.
-
- Sep 2022
-
-
Indicative of howclose many Americans are to poverty, a recent study by the Federal ReserveBank found that 37 percent of Americans do not have enough savings put asideto protect them from a $400 emergency.20
- Federal Reserve Bank, “Report on the Economic Well-Being of U.S. Households in 2019” (Washington DC: Board of Governors of the Federal Reserve System, 2020).
-
- Aug 2020
-
www.nber.org www.nber.org
-
Correa, R., Du, W., & Liao, G. Y. (2020). U.S. Banks and Global Liquidity (Working Paper No. 27491; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27491
-
- Apr 2016
-
marketmonetarist.com marketmonetarist.com
-
The paper with the ambitious title Optimal Monetary Policy at the Zero Lower Bound Bullard has co-authored with Costas Azariadis, Aarti Singh and Jacek Suda.
Author affiliations:
- Costas Azariadis, Professor of Economics, Washington University in St.Louis
- James Bullard President and CEO, Federal Reserve Bank of St. Louis Aarti Singh Jacek Suda
-
- Jul 2015
-
www.stlouisfed.org www.stlouisfed.org
-
This working paper was discussed in the Washington Post's Wonkblog on 28 May 2015 http://wapo.st/1LN3snw
-
Author affiliations:
- Costas Azariadis, Professor of Economics, Washington University in St.Louis
- James Bullard President and CEO, Federal Reserve Bank of St. Louis Aarti Singh Jacek Suda
-
-
www.washingtonpost.com www.washingtonpost.com
-
active link to this working paper Optimal Monetary Policy at the Optimal Level Bound
-
Bullard's co-authors are Costas Azariadis of Washington University and the St. Louis Fed, Aarti Singh of the University of Sydney and Jacek Suda of the Narodowy Bank Polski.
Author affiliations:
- Costas Azariadis, Professor of Economics, Washington University in St.Louis
- James Bullard President and CEO, Federal Reserve Bank of St. Louis Aarti Singh Jacek Suda
-