Blinder

Hawkish or dovish central bankers: do different flocks matter for fiscal shocks?

Retrieved on: 
onsdag, januari 3, 2024

This column presents evidence on the role that US monetary policy plays in how fiscal spending affects the economy.

Key Points: 
  • This column presents evidence on the role that US monetary policy plays in how fiscal spending affects the economy.
  • A dovish Federal Open Market Committee (FOMC) delays policy rate increases, while a hawkish FOMC tightens monetary policy more promptly, following increased fiscal spending.

Monetary policy communication – past ECB policymakers commend Bank’s progress and call for more

Retrieved on: 
fredag, november 11, 2022

This is not surprising central banks need to explain increasingly complex monetary policies, often in the context of broader mandates.

Key Points: 
  • This is not surprising central banks need to explain increasingly complex monetary policies, often in the context of broader mandates.
  • In the light of these developments, it is important to assess current communication practices and identify any room for improvement.
  • In the survey we sought their views on euro area monetary policy communication, the related challenges and the road ahead.
  • Nevertheless, some respondents commented on the risk that communication with financial markets can go too far, in particular if market expectations dominate policy.
  • The survey also asked for respondents views regarding the various types of forward guidance, which refers to central banks communicating about the future path of monetary policy.
  • With regard to the representation of individual views, most respondents thought that the ECBs monetary policy communication was about right (Chart 3).
  • Diversity of views on the Governing Council

    Notes: The figure shows the responses to the question In most central banks, monetary policy is set by a committee.

  • Whereas some central banks encourage that the diversity of views on the committee is represented in the external communication, others have adopted a one-voice policy.
  • Where, in your view, is the monetary policy communication by Governing Council members located along this spectrum?
  • Overall, the respondents assessed the ECBs monetary policy communication as broadly adequate.
  • These results reveal that, from the perspective of former policymakers, what constitutes effective communication varies across audiences and is likely to evolve over time.
  • Central banks would therefore be well advised to continue assessing and adjusting their communication practices.

Household spending and fiscal support during the pandemic – the role of public perceptions

Retrieved on: 
fredag, november 11, 2022

This posed a dramatic challenge to fiscal authorities, which needed to design and channel fiscal measures that were targeted, effective and efficiently allocated.

Key Points: 
  • This posed a dramatic challenge to fiscal authorities, which needed to design and channel fiscal measures that were targeted, effective and efficiently allocated.
  • For example, support measures ranged from traditional social security provisions, delivered through existing social welfare programmes, to more time-specific and pandemic-specific direct financial support and subsidies, including in-kind support (e.g.
  • Understanding households perceptions about these support measures is important for the optimal design, communication and subsequent evaluation of such policies.
  • Types of pandemic-related government support in 2020
    (percentages of respondents indicating that they received support, by type)

    Source: CES data collected in December 2020.

  • Please indicate whether your household has received such support in any of the following forms since January 2020.
  • [6] To gauge these perceptions, we asked CES respondents to directly assess the adequacy of fiscal support measures for the financial well-being of their household.
  • One finding we obtain is that respondents who received support generally perceive fiscal interventions to be more adequate (Chart 2).
  • A key question is whether changes in perceptions about the adequacy of government support policies could have a causal impact on actual spending decisions of consumers.
  • This is important, as a rise in expected taxes associated with government support measures could attenuate the stimulatory effects of fiscal policy.
  • This points to the powerful role of perceptions, as they operate over and above any immediate effects that government transfers can have on spending.
  • This, in turn, can help stimulate consumer spending and enhance the benefits of fiscal policy in terms of stabilising the economy.
  • Importantly, such perceptions influence the behaviour of households in general and not just those who actually receive support.

Paperless Parts Continues High-Powered Hiring Streak with Key Product Leadership

Retrieved on: 
torsdag, april 14, 2022

With this past leadership experience, Blinder strengthens Paperless Parts product vision and process in its mission to enable manufacturers with the technology they need to drive innovation and our world forward.

Key Points: 
  • With this past leadership experience, Blinder strengthens Paperless Parts product vision and process in its mission to enable manufacturers with the technology they need to drive innovation and our world forward.
  • Paperless Parts Product Management team and parallel Engineering and Design teams welcome Blinder with open arms, citing his passion and expertise as key assets for the companys growth.
  • Blinders focused approach to product growth shapes a bright future for Paperless Parts, one where the product team empowers the rest of the company to align on organizational objectives.
  • If youre looking to join a motivated team of hardworking creators and doers, visit the Paperless Parts Careers page today.

ORE Token Launches On Binance Smart Chain and Pancakeswap, Courtesy of ChainPort Partnership

Retrieved on: 
torsdag, november 11, 2021

Open Rights Exchange (ORE) partner ChainPort launched a bridge from Ethereum to Binance Smart Chain (BSC) today, bringing ORE Token to BSC.

Key Points: 
  • Open Rights Exchange (ORE) partner ChainPort launched a bridge from Ethereum to Binance Smart Chain (BSC) today, bringing ORE Token to BSC.
  • The Chainport bridge is the first step to fully support a BSC integration on the ORE Network and any applications built on the ORE blockchain, including AIKONs ORE ID and ORE Vault .
  • Binance Smart Chain is one of the leading blockchain networks built for running smart contract-based applications.
  • ChainPort provides a bridge between Ethereum, Polygon, and Binance Smart Chain (BSC), with more blockchains to be added soon.

Open Rights Foundation Unlocks 1.18 Million ORE Token Community Reward After its Successful IDO

Retrieved on: 
torsdag, november 4, 2021

The Open Rights Foundation, in partnership with AllianceBlock, today announced the initiation of a one-month liquidity mining campaign, with a total of 1,180,000 ORE ($ORE) Tokens to be distributed over 30 days.

Key Points: 
  • The Open Rights Foundation, in partnership with AllianceBlock, today announced the initiation of a one-month liquidity mining campaign, with a total of 1,180,000 ORE ($ORE) Tokens to be distributed over 30 days.
  • The Open Rights Exchange (ORE) blockchain is built for decentralized identities, assets and rights.
  • The allocation of ORE Tokens will come from the community incentives pool, as part of the Foundations mission to drive adoption of the ORE Blockchain.
  • The Open Rights Foundation launched the ORE token to multiple blockchains via initial Dex Offering on 12 Oct. 2021.

Open Rights Foundation Lists ORE Token Through Initial DEX Offering (IDO) To Power Your Universal, Secure Blockchain Identity

Retrieved on: 
tisdag, oktober 12, 2021

Today, the Open Rights Foundation publicly listed the ORE Token through an Initial DEX Offering (IDO) hosted by Occam.fi, Scaleswap and Poolz.

Key Points: 
  • Today, the Open Rights Foundation publicly listed the ORE Token through an Initial DEX Offering (IDO) hosted by Occam.fi, Scaleswap and Poolz.
  • The ORE Token is the native digital asset of the Open Rights Exchange (ORE) Network.
  • The ORE Token powers the ORE Network and any applications built on the ORE Network, like ORE ID .
  • The Open Rights Foundation is a non-profit organization dedicated to supporting the ORE Network community, driving utility for related technologies and the ORE Token.