Servaas Storm

Featured in: Favicon

theguardian.com Favicon

wiley.com

tandfonline.com Favicon

yahoo.com

commondreams.org Favicon

ineteconomics.org Favicon

ritholtz.com Favicon

popularresistance.org Favicon

portside.org Favicon

scheerpost.com + 2 more

Articles

Good Policy or Good Luck? Why Inflation Fell Without a Recession

Dec 2, 2024 | tandfonline.com | Servaas Storm

?Mathematical formulae have been encoded as MathML and are displayed in this HTML version using MathJax in order to improve their display. Uncheck the box to turn MathJax off. This feature requires Javascript. Click on a formula to zoom. AbstractThis article analyzes claims that the Federal Reserve is principally responsible for the decline of inflation in the U.S. We compare several different quantitative approaches.
How the Wall Street Journal Blew the Story of the Democrats and Inflation

Nov 20, 2024 | scheerpost.com | Thomas Ferguson |Servaas Storm

By Thomas Ferguson and Servaas Storm / Institute for New Economic ThinkingIt must be the Wall Street Journal’s DNA. Nothing else easily explains why the normally careful Nick Timiraos would focus so much of his account of “How the Democrats Blew It on Inflation” on the hoary argument that the “Biden Stimulus” somehow triggered worldwide inflation back in 2021.
How the Wall Street Journal Blew the Story of the Democrats and Inflation

Nov 19, 2024 | ineteconomics.org | Thomas Ferguson |Servaas Storm

It must be the Wall Street Journal’s DNA. Nothing else easily explains why the normally careful Nick Timiraos would focus so much of his account of “How the Democrats Blew It on Inflation” on the hoary argument that the “Biden Stimulus” somehow triggered worldwide inflation back in 2021. The argument never made much sense, since, as numerous studies have documented, supply-side factors drove the biggest part of the inflation and it hit virtually everybody, regardless of their stimulus policies.
The Fed and the “Soft Landing” - Policy or Luck?

Sep 30, 2024 | ineteconomics.org | Servaas Storm

Late summer festivals have long been traditional high points in the world of arts and music. Nowadays, courtesy of the Federal Reserve Bank of Kansas City, central bankers repair to their own version of Bayreuth or Salzburg: the conference held in late August in Wyoming at the Jackson Lake Lodge in Grand Teton National Park. This year’s gathering focused on the effectiveness of monetary policy. In marked contrast to some earlier conclaves, the mood was upbeat.
A New Era Of Endless Labor Shortages?

Jul 16, 2024 | popularresistance.org | Servaas Storm

A Critical Analysis Of McKinsey’s New Report. Every so often a publication comes along that more or less perfectly captures the Zeitgeist of world business elites.
A New Era of Endless Labor Shortages? A Critical Analysis of McKinsey's New Report

Jul 15, 2024 | ineteconomics.org | Thomas Ferguson |Servaas Storm

Every so often a publication comes along that more or less perfectly captures the Zeitgeist of world business elites.
Sticking With High Rates Will Crash the Economy

Jul 13, 2024 | portside.org | Thomas Ferguson |Servaas Storm

On June 13th, financial markets discovered they had overestimated the likelihood that the Federal Reserve would soon be cutting interest rates. Federal Reserve Chair Jerome Powell’s remarks at his press conference and the Federal Open Market Committee’s freshly updated quarterly “Summary of Economic Projections” pointed forcibly to the conclusion that the Fed would likely cut rates only once before the end of 2024.
The Fed’s ‘Chicken Run’: Sticking With High Rates Will Crash The Economy

Jun 27, 2024 | popularresistance.org | Thomas Ferguson |Servaas Storm

Above photo: Maxim Hopman on Unsplash. In persisting with its high rates policy, the Fed is acting like James Dean in the famous “chicken run” auto race in Rebel Without a Cause. On June 13th, financial markets discovered they had overestimated the likelihood that the Federal Reserve would soon be cutting interest rates.
The Fed’s “Chicken Run”: Why Sticking with High Rates Will Crash the Economy

Jun 24, 2024 | ineteconomics.org | Thomas Ferguson |Servaas Storm

On June 13th, financial markets discovered they had overestimated the likelihood that the Federal Reserve would soon be cutting interest rates. Federal Reserve Chair Jerome Powell’s remarks at his press conference and the Federal Open Market Committee’s freshly updated quarterly “Summary of Economic Projections” pointed forcibly to the conclusion that the Fed would likely cut rates only once before the end of 2024.
Unhappy New Year: How Austerity is Making a Comeback in Berlin and Brussels

Jan 4, 2024 | ineteconomics.org | Servaas Storm

Two separate events in the final weeks of 2023 have reignited the bitter debate over European fiscal rules. The first was the decision, in November, by the German Constitutional Court to deny the constitutional legality of the substantial off-budget spending by the ruling German government.