What caught my eye: Monetary policy, macroprudential policies, zombie firms, and much more…

Speech by Richard Clarida on “The Federal Reserve’s New Framework: Context and Consequences”


The “Beige Book” of the Fed. As always, many interesting observations from across the United States:


Do credits to so-called zombie firms lead to too much supply which dispresses prices? “Zombie Credit and (Dis-)Inflation: Evidence from Europe” by Viral V. Acharya, Matteo Crosignani, Tim Eisert, and Christian Eufinger:


The macroprudential toolkit: effectiveness and interactions:


In the United States, industrial production advanced 1.6 percent in December 2020. This is a very positive number:


U.S. retail trade data for December 2020 are less positive…:


Hornstein-Kudlyak-Lange Non-Employment Index for the U.S. labor market (alternative to the official unemployment rate):


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