David Brennan

[Federal Reserve @federalreserve]

Now available: Weekly data on the Assets and Liabilities of Commercial Banks in the United States: https://t.co/NSim8zRsNg #FedData

[Federal Reserve @federalreserve]

What is monetary policy? It's what the Federal Reserve does to accomplish two goals mandated by the U.S. Congress--promoting maximum employment & promoting stable prices for the goods & services we purchase.

Learn more: https://t.co/gMkAdyw9q7

[Russ Roberts @EconTalker]

Calling @ModeledBehavior and @bencasselman. Average hourly earnings are not so straightforward: https://t.co/KKqLD44Sxy

[Lawrence H. Summers @LHSummers]

The Remarkable News Behind the 2019 Social Security Trustees Report https://t.co/9dP1JCsFaa

[David Brennan @DavidBr76844804]

The Phillips curve is vertical in the long run. #ECO2307

[David Brennan @DavidBr76844804]

Quotas and other forms of trade policy have unintended consequences such as every job saved in an import industry is also a job lost in an export industry. #ECO2307

[David Brennan @DavidBr76844804]

Many of the models we have already learned must be viewed differently in an open economy as interest rates and exchange rates are affected in new ways. #ECO2307

[Finley Edwards @BU_ECO2307]

"Socialization of risk" - best line of the doc imo #m4n

[Finley Edwards @BU_ECO2307]

Volker was an absolute unit. He stood 6'7" #M4N

[David Brennan @DavidBr76844804]

When I try to do a monetary policy in my basement and the fbi shows up #m4n

[David Brennan @DavidBr76844804]

The fed should’ve raised the interest rate to avoid the housing collapse #m4n

[David Brennan @DavidBr76844804]

The fed is about that action #m4n

[David Brennan @DavidBr76844804]

The dollar is based on trust #m4n

[David Brennan @DavidBr76844804]

PPP is limited by the fact that not all goods are easily transferred for arbitrage and that traceable goods are not always perfect substitutes. #ECO2307

[David Brennan @DavidBr76844804]

A currency can both appreciate and depreciate against different currencies at the same time. #ECO2307

[David Brennan @DavidBr76844804]

For an economy, Nx=NCO. Every foreign exchange transaction contributes to both equally. #ECO2307

[David Brennan @DavidBr76844804]

Active attempts to stabilize the economy are not immediately effective due to human-made lag. #ECO2307

[David Brennan @DavidBr76844804]

Fiscal policy can be implemented by changing government spending or by changing taxes. #ECO2307

[David Brennan @DavidBr76844804]

Nominal interest rates cannot fall below zero #ECO2307