Frederic Mishkin

Mishkin: Ron Paul’s Auditing Bill Is an Outright Attack on Fed’s Independence

Wall Street Pit (Free subscription) | 24/11/2009

Auditing the Federal Reserve’s decision-making process poses a serious threat to the economy, former Federal Reserve official Frederic Mishkin told CNBC. “This is I think the most serious attack that I have seen on the Federal Reserve in the many, many years that I’ve studied it...

[Technical-Investor] Mishkin: Asset Bubbles No Worry

bse (Free subscription) | 13/11/2009

Mishkin: Asset Bubbles No Worry Wednesday, November 11, 2009 10:55 AM While experts such as economist Nouriel Roubini warn that a dangerous bubble is brewing in global financial markets, former Federal Reserve Gov. Frederic Mishkin disagrees. "There is increasing concern that we may be experiencing another round of asset-price bubbles that could pose great danger to the economy,"...

Mishkin Opposes Sen. Dodd’s Reform Plan

Wall Street Pit (Free subscription) | 12/11/2009

Frederic Mishkin, former Federal Reserve Board governor, told CNBC on Thursday that Sen. Dodd’s reform bill, which calls for drastic reductions in Federal Reserve’s powers, would jeopardize the Fed’s ability to safeguard the U.S. economy. “You don’t want to put the central bank in a...

Mishkin: It's Cool That The Fed Is Blowing Another Bubble Because This Kind Of Bubble Is Harmless

The Business Insider (Free subscription) | 10/11/2009

An interesting theory from former Fed governor Frederic Mishkin: There are two kinds of asset bubbles. The first kind is bubbles supported by debt leverage, which are dangerous. The second kind is bubbles supported by crazed, drunken speculation, which are relatively harmless. The Fed should act aggressively to stop the first kind of bubble, such as the one we had a couple of years ago...

Mishkin: Not all bubbles the same

Calculated Risk (Free subscription) | 10/11/2009

Former Fed Governor Frederic Mishkin writes in the Financial Times: Not all bubbles present a risk to the economy There is increasing concern that we may be experiencing another round of asset-price bubbles that could pose great danger to the economy. Does this danger provide a case for the US Federal Reserve to exit from its zero-interest-rate policy sooner rather than later, as many...

• "Not All Bubbles Present a Risk to the Economy" - Economist's View

Mishkin Defend Bubbles (and of Course, the Fed)

naked capitalism (Free subscription) | 10/11/2009

... Times, in the form of today’s offering, “ Not all bubbles present a risk to the economy ,” by Frederic Mishkin. Somehow, that headline strikes me as trying to make the case, “Nuclear wars don’t have to be bad for you.” In other words, this appears to be yet another instance of Team Obama attempting policy by PR rather than (novel idea!) actually crafting sensible programs and sticking...

Should Central Banks Push Back on Asset Bubbles?

Bright Rights (Free subscription) | 26/11/2009

It depends. The interest rate decisions they make already affect the growth of asset bubbles, so "leaning against the wind" seems like a reasonable response. Of course, identification is a problem, and attempting to deflate asset bubbles is politically unpopular, which may threaten a central bank's independence down the road. I think Frederic Mishkin has this right in a recent...

Can Asset-Price Bubbles Be Harmless?

Mises Economics Blog (Free subscription) | 23/11/2009

Frederic Mishkin believes that the Fed should continue with its loose stance, even if doing so blows more bubbles. Mishkin is known as a close confidant of Fed Chairman Ben Bernanke. FULL ARTICLE by Frank Shostak...

Can Asset-Price Bubbles Be Harmless? Mises Daily...

LATICONOMICS (Free subscription) | 23/11/2009

... of thinking, the former Fed governor and current professor of economics at Columbia University, Frederic Mishkin, holds that the Fed should continue with its loose stance. Mishkin is known as a close confidant of Fed Chairman Ben Bernanke. In an article in the Financial Times on November 9, 2009, [1] Mishkin argues that not every asset-price bubble is dangerous for the...

Economists Opposing Fed Audit Are On Fed Payroll

Mish's Global Economic Trend Analys (Free subscription) | 19/11/2009

... means for career advance -- for an overwhelming proportion of the discipline. Let's run the traps: Frederic Mishkin is a former board member, having served from 2006-2008. His career at the Fed stretches back to 1977 and he currently holds two positions: one as a member of the Center for Latin American Economics at the Federal Reserve Bank of Dallas, where he's been since 1996; and...

Economists Opposing Fed Audit Are On Fed Payroll

Safehaven (Free subscription) | 19/11/2009

... means for career advance -- for an overwhelming proportion of the discipline.Let's run the traps:Frederic Mishkin is a former board member, having served from 2006-2008. His career at the Fed stretches back to 1977 and he currently holds two positions: one as a member of the Center for Latin American Economics at the Federal Reserve Bank of Dallas, where he's been since 1996; and...

Economists Opposing Fed Audit Have Undisclosed Fed Ties

Black Listed News (Free subscription) | 19/11/2009

... to the Fed are not incidental and four of them maintain current positions. Let's run the traps: Frederic Mishkin is a former board member, having served from 2006-2008. His career at the Fed stretches back to 1977 and he currently holds two positions: one as a member of the Center for Latin American Economics at the Federal Reserve Bank of Dallas, where he's been since 1996; and another...

• Economists Opposing Fed Audit Are On Fed Payroll - Mish's Global Economic Trend Analys
• Economists Opposing Fed Audit Are On Fed Payroll - Safehaven

The Boom-Bust Cycle Examined (And Why Another Bust Is Coming)

EconomicPolicyJournal.com (Free subscription) | 24/11/2009

Irrespective of their psychological disposition, if the pool of money is not expanding, people's ability to generate bubbles in various markets is not tenable.Recall that [Former Fed Governor and Bernanke confidant Frederic] Mishkin holds that bubbles in the first category — the dangerous bubbles — are set in motion by exuberant expectations about economic prospects or structural changes...

"The Fed Is Already Transparent"

Economist's View (Free subscription) | 11/11/2009

Anil Kashyap and Frederic Mishkin are worried that the Ron Paul proposal to audit the Fed will "cripple policy making": The Fed Is Already Transparent, by Anil Kashyap and Frederic Mishkin: Under the banner of increasing Federal Reserve transparency, Congressman...

The Importance of Fed Independence

SeekingAlpha.com (Free subscription) | 11/11/2009

Mark Thoma submits: Anil Kashyap and Frederic Mishkin are worried that the Ron Paul proposal to audit the Fed will "cripple policy making": The Fed Is Already Transparent, by Anil Kashyap and Frederic Mishkin : Under the banner of increasing Federal Reserve transparency, Congressman Ron Paul has sponsored a bill that would subject the Fed's monetary policies to...

• "The Fed Is Already Transparent" - Economist's View
• What's the Fed Hiding? - EconomicPolicyJournal.com
• See the 4 articles on the same subject