Adam Posen

FDIC may run US bad bank

The Federal Deposit Insurance Corporation (FDIC), a key American regulator, could manage a bad bank that the Obama administration is likely to soon set up, say reports.

Governors matter - new paper

This new working paper from the Peterson Institute for International Economics looks at whether or not monetary policy expectations are affected by the appointment of a new central bank governor.

Comment: Bernanke's ally

The nomination of Frederic Mishkin to fill one of the two vacant seats on the Fed's board of governors will bolster the chairman, Ben Bernanke, in his attempts to quantify the central bank's inflation objective and move towards a more rule-based monetary…

Comment: The Fed's 'asymmetric policy'

Donald Kohn said yesterday that the perception that the Fed responds asymmetrically to asset prices is "a misreading of history". Not only has the idea of a 'Greenspan put' been debunked by the experiences of the last five years, but it is also…

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