Alan Greenspan
Greenspan blames “human nature” for crunch
Former Federal Reserve chairman Alan Greenspan sceptical that another crisis can be avoided until humans learn to accept cyclical nature of capitalism
Towards new microfoundations for macro
Marcus Miller surveys the challenges facing modern macroeconomics, and suggests ideas whose time may have come.
More dismal than ever
Macroeconomics is in crisis, but central banks can help improve the state of the art, argues Malan Rietveld
Rodrik: Fed needs paradigm shift
Harvard economists argues the new Fed chairman has to be less in awe of Wall Street
Greenspan: we're still on the edge
Alan Greenspan, a former chairman of the Federal Reserve, has warned that American banks need to raise a lot more capital before the financial crisis can end.
SF Fed's Yellen: rates may have to burst bubbles
Janet Yellen, the president of the San Francisco Federal Reserve, has acknowledged that rate hikes may be necessary to counter asset-price bubbles, challenging a central tenet of the Greenspan-era Fed and her own previously-held views.
Morgan Stanley's Roach on central bank independence
The chairman of Morgan Stanley Asia, a bank, argues that central banks have not made the most of their new-found independence
Price target will settle expectations: Bernanke
The Federal Reserve's ushering in of an implicit inflation target should lead to more stable price expectations, the head of the central bank has said.
Greenspan: nationalise but protect bondholders
Alan Greenspan, a former Federal Reserve chairman regarded as one of the foremost proponents of free markets, has conceded that some American banks may need to be nationalised.
Bankers get to put pressure on Bernanke & Co
An American company is giving Wall Street bankers the chance to squeeze Ben Bernanke, Alan Greenspan and Hank Paulson by immortalising the three figureheads of US finance in the form of stress balls.
How to incentivise the financial system
Robert E. Wright argues that regulators – and those they oversee – need better incentives for prudent behaviour
Greenspan backs bailout, more regulation
Alan Greenspan, a former chairman of the Federal Reserve seen as a fierce advocate of free markets, on Thursday said he supported both the US Treasury's $700 billion bailout plan and greater regulation of the financial system.
Fed picks Pimco to run commercial paper facility
The Federal Reserve has picked Pimco, a bond fund, to manage the assets of its Commercial Paper Funding Facility, which accepts unsecured debt notes direct from the issuer.
We saw crunch looming, says Canada's Dodge
David Dodge, a former governor of the Bank of Canada, has said that central bankers knew that "ridiculous" mortgage-backed securities would precipitate a credit crunch.
Risks from low rates warrant attention: Shirakawa
Central banks must be watchful after a period of low rates, cautioned Masaaki Shirakawa, the governor of the Bank of Japan.
Fed will shun Mishkin's call for explicit goal
Despite Frederic Mishkin's rigorous advocation, much stands in the way of the departing governor's wish for the Fed to adopt an explicit inflation goal. But it may not need to, writes Claire Jones, the editor of Central Bank News.
Fed carrying out covert liquidity tests - report
The Federal Reserve is subjecting the biggest investment banks to stringent liquidity tests, say reports.
Fed a "major culprit" in commodity inflation
A prominent US economist has blamed Federal Reserve policy for the surge in commodity prices.
The Fed on the 1987 crash
The Federal Reserve has assessed its response to the 1987 stock market crash.
Greenspan cautions on bursting bubbles
Alan Greenspan has defended one of the central tenets of his tenure at the helm of the Federal Reserve, warning that combating asset price bubbles could stunt innovation and growth.
Central banks must burst bubbles: Soros
George Soros, the billionaire financier, urged central bankers and regulators to tackle asset-price bubbles in spite of the difficulties in identifying them.
Regulation should aim to burst bubbles
Frederic Mishkin, a governor at the Federal Reserve, has acknowledged that the Fed should consider responding to asset price bubbles - a move that would contravene a tenet of the Greenspan-era institution.
Greenspan hits back
Alan Greenspan, a former chairman of the Federal Reserve, has said that the blame for the subprime crisis lies with the investment community rather than himself, as has often been argued.