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Yearly Archives: 2020

Interview with Paul Romer on large scale Covid testing – the transcript

This is the edited transcript of our interview with Paul Romer, on why the US urgently to scale up testing for Covid-19, why he thinks the covid-crisis amounts an intellectual failure, why this economic crisis is not as bad the Great Depression, what economics can do more, and what economists can learn from the crisis.

US needs large-scale Covid testing urgently: Nobel winning economist Paul Romer

In an exclusive interview with EconReporter on Tuesday, Romer, co-recipient of the 2018 Nobel Prize in Economics Science, urged the US to adopt large-scale testing immediately to halt this most detrimental economic slump ever since the Great Depression in the 1930s.

How to benefit from others’ QE — Hong Kong Linked Exchange Rate’s lesson

What if I tell you, behind the boring news headline, there is actually a wonkish story about how the Hong Kong central bank took advantage of the monetary easing by the Fed in the last 12 year and created a new set of policy options that it can now use to actively mange the inflows created by the new round Fed easing under the Great Lockdown.

How to use the Fed’s FIMA Repo — the case of Hong Kong

Hong Kong Monetary Authority, the de facto central bank of Hong Kong, announced on April 22 that it will utilize the Fed's FIMA Repo facility to borrow USD 10 billion of cash.

ECB on impact of Coronavirus (March 2)

Luis de Guindos, vice president of the European Central Bank, depicted the coronavirus as an additional " layer of uncertainty to global and euro area growth prospects,"

Helicopter Money is here in Hong Kong? Well…

“The money helicopter has arrived,” Claire Jones writes in her FT Alphaville post, citing Hong Kong Finance Secretary’s announcement of a handout of HKD 10,000 to each permanent resident in the city.As a Hong Konger who loves to read online monetary economics discussion, I...

Macroprudential Policy – how does it differ from rate hikes?

Macroprudential policies, it is argued, are more targeted and can complement central bank’s use of interest rate policy.

Economy