Can low interest rates cause deflation? Some thoughts on the policy implications of the Fisher equation…
Monetary Policy with Interest On Reserves, The Grumpy Economist, 16 Oct 2014
Monetary Theory on the Neo-Fisherite Edge, Uneasy Money, 6 May 2014
The Cure for Neo-Fisherism: History, MacroMarketMusings, 28 Apr 2014
On the elimination of privately issued money, Financial Times, 25 Apr 2014
The Neo-Fisherite Rebellion, Noahpinion, 23 Apr 2014

ECB Asset Expansion

More interest rate cuts and quantitative easing, of sorts. But surely not that much of a surprise?
ECB Press Conference, 4 Sep 2014

Postscript updates:
ECB poised to start its lending spree this week, Financial Times, 16 Sep 2014
Asset-backed indolence, The Economist, 13 Sep 2014
Is the ECB doing QE? Charles Wyplosz, VoxEU, 12 Sep 2014
Asset-backed securities: Back from disgrace, Financial Times, 30 September 2014
ECB to start asset purchases this month, Financial Times, 2 Oct 2014
ECB starts buying covered bonds, Financial Times, 20 Oct 2014

Fed Plumbing

An insight into the daily life of bankers’ balances (reserves), the payments system and clearing; stuff that is typically skated over in the textbooks. Particularly useful is the discussion of how QE and the subsequent deluge of liquidity has impacted Fedwire activity….
Turnover in Fedwire Funds Has Dropped Considerably since the Crisis, but It’s Okay, Liberty Street Economics, FRB New York, 25 Aug 2014
Liquidity and IOR, The Grumpy Economist, 28 Aug 2014