Monetary policy: Week in review (August 20, 2011)

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One of the most common themes in the monetary policy statements of the banks that met last week was concerns about slowing growth in the EU and US. Likewise most of the central banks also noted the heightened levels of risk aversion and volatility in financial markets over the past few weeks; largely a result of concerns on the sovereign debt situation in the US with the debt level debate and credit rating downgrade. Click through for the the weekly monetary policy review. […]






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G7 expansion? Not even close. Canada’s in a league of its own

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“The ECB is tightening; US Congressional leaders are recklessly endangering the economy; and some euro area governments are pushing through even further fiscal spending cuts to calm market angst. This stinks of policy mistakes – and here in the US, we’re patting ourselves on the back because the economic data do not scream recession yet? Unbelievable,” said Rebecca Wilder in this guest contribution. […]






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Laugh out Loud: Double Dip Dow

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A classic by cartoonist Michael Ramirez. […]






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