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Recent Posts

People create money ‘out of thin air’. Not banks!
March 30, 2020
Who owns the money in your bank account?
June 10, 2019
Where does money come from?
May 1, 2019
What is money? An Australian perspective: Part two
April 8, 2019
What is money? An Australian perspective: Part one
April 1, 2019

Latest Federal Reserve Papers

FEDS Paper: Liquidity in the Mortgage Market: How does the COVID-19 Crisis Compare with the Global Financial Crisis? June 23, 2022
IFDP Paper: Trade, Labor Reallocation Across Firms and Wage Inequality June 22, 2022
IFDP Paper: Trade policies and fiscal devaluations June 22, 2022
FEDS Paper: The Digital Economy and Productivity June 17, 2022
FEDS Paper: How Did It Happen?: The Great Inflation of the 1970s and Lessons for Today June 3, 2022
IFDP Paper: The Green Corporate Bond Issuance Premium June 2, 2022
IFDP Paper: The rising tide lifts some interest rates: climate change, natural disasters, and loan pricing June 2, 2022
FEDS Paper: Social Externalities of Bank Enforcement Actions: The Case of Minority Lending June 2, 2022
FEDS Paper: The Vaccine Boost: Quantifying the Impact of the COVID-19 Vaccine Rollout on Measures of Activity June 2, 2022

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