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Mostly Economics

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Site title: Mostly Economics | This blog covers research work in Economics with focus on India.

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The Central Bank Balance-Sheet Trilemma

Burcu Duygan-Bump and R. Jay Kahn of Federal Reserve present a new trilemma, thaू of central bank balance sheets: In this note, we offer a framework for understanding the tradeoffs involved in determining the optimal size and behavior of a central bank’s balance sheet. Specifically, we highlight that central banks face a “balance sheet trilemma,” in that they c...


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How central banks are using creativity and deploying visuals to communicate monetary policy

David Barkhausen, Gabriel Glöckler and Stefan Ruhkamp of ECB explore the creativity of few central banks to communicate their monetary policy to public: In today’s world, a wealth of information meets with a poverty of attention. Central banks are special in many ways, but they cannot escape the laws of the attention economy. To be […]


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Spillover effect: New Zealand foreign minister criticises RBNZ Governor for Powell statement

I knew this was coming. When Central Bankers issued a joint statement supporting Fed chair Jerome Powell, I had posted: What will US President do next? Ban these central bank governors from entering US? Or ask their Presidents to fire these central bank governors? Anything is possible. All possibilities are open. New Zealand foreign minister […]


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Russia plans new economics textbook reviving Stalin-era ideas

Change starts with textbooks. From Russia: Russia is preparing a new economics textbook for university students that aims to challenge what its authors call a “myth” that democracy drives economic growth and to revive the socialist economic theories of Soviet leader Josef Stalin, the head of a Kremlin-linked advisory body said. Moscow has ramped up […]


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America is now being led by gangsters and its least moral individuals

Noah Smith blogged in March 2025: I’m going to talk about the geopolitical and domestic political implications of Trump’s Zelensky meeting in a bit, but first I want to place Trump and Vance’s contempt for Ukraine in the context of something else that’s been bothering me more and more recently — a general collapse of […]


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