Friday, October 28, 2016

GDP recovers a bit in the third quarter

According to the BEA, the advance estimate of GDP growth in the third quarter is 2.9%, which is a significant improvement on the second quarter (1.4%). So maybe there is no recession in the near future (Neil Irwin might be right about that), which does not mean Yellen should hike the Fed rate in December anyway.

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Heterodox Central Banking in the Periphery

Our paper with Esteban Pérez on Prebisch's missions as a Money Doctor during the Fed-led missions directed by Triffin to Paraguay and D...