Frank Shostak
Frank Shostak is an adjunct scholar of the Mises Institute and a frequent contributor to Mises.org. His consulting firm, Applied Austrian School Economics, provides in-depth assessments and reports of financial markets and global economies.
Frank Shostak Articles
Some commentators such as Mohamed El-Erian, the chief executive officer of Pacific Investment Management (PIMCO), are of the view that the Federal Reserve’s policy of massive asset purchases has added very little to economic growth. A...
According to most commentators, reducing monetary stimulus and winding down the balance sheet of the Fed without major economic disruptions is going to be a major challenge for US central bank policy makers. On Wednesday, June 19 Fed...
The yearly rate of growth of money M2 fell to 5.2% in November from 7.5% in October while the yearly rate of growth of money M3 fell to 4.7% in November from 7.5% in the previous month.
How seriously should one take the recent softening...
Despite the aggressive lowering of the federal funds rate target from 6.5% in December, 2000 to the current level of 1.25%, U.S. economic activity remains subdued. Faced with a lackluster response to this aggressive monetary stance, it is...
Frank Shostak is an economist at Man Financial, Australia. He was interviewed following the announcement of the Fed's latest policy move.
Mises.org: The Fed has lowered the interest rate, again, and it seems that the whole world is...
In the latest move to revive Japan's financial system, the governor of the Bank of Japan (BOJ) announced that the central bank would buy stocks directly from lending institutions in order to help them reduce the impact of falling share...
For the time being, the Fed’s decision makers have decided to keep the federal funds rate target unchanged at 1.75 percent. They hinted, however, that if the economy were to slow further, they would lower the rate.
Some commentators have...
Politicians intent on re-election have stirred up a media frenzy over "corporate governance," exploiting the bankruptcies of a handful of companies like Enron and Worldcom. New accounting industry and corporate financial reporting rules...
With the recent meltdown in stock prices, some economists have said that there is no need to be concerned because the stock market does not reflect what is happening to the economy. (Curiously enough, when the stock market was going up, it...
According to "supply-side" economics, the key to economic growth and prosperity is low marginal tax rates. However, the supply-side school also maintains that a low marginal tax rate will not be sufficient, that it must be accompanied by a...
