Tags » Ngdp Targeting

Mario, stay on track and avoid the mistakes of 1937 and 2011

The global stock markets have been facing some headwinds recently, and there may be numerous reasons for this. One obvious one is the recent rebound in oil prices, which I believe is essentially driven by markets’ expectation that the Saudi-led global oil price war is now ending. 991 more words

NGDP Targeting

Quotes & Links #61

1) nytimes.com/upshot: Why Americans Don’t Want to Soak the Rich

This core question — How much should the government use its power to tax and spend to redistribute wealth in pursuit of a more equal society?

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Quotes & Links Absurd

Ben (“Blade Runner”) Bernanke

The “Blade Runner” comes from his talk in the IMF´s “Monetary Policy in the Future” panel.

Scott Sumner wrote that

this is the post we’ve all been waiting for, isn’t it?  

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Monetary Policy

Woods, Salerno, White, Selgin, and Wenzel in a spat

Somebody whose last name starts with “S” needs to continue this WSWSW pattern.

Tom Woods interviewed Joseph Salerno on the wrong-headed economics associated with NGDP targeting, a monetary policy prescription usually associated with so-called “market monetarism”, even if it has… 338 more words

Economics

Browsing Catharsis - 02.02.15

Cursive handwriting is useless, but politicians want students to learn it anyway,” by Libby Nelson.

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“The revival of interest in nominal GDP (NGDP) targeting has come in the context of large advanced economies. 198 more words

Links

The hawks should start advocating NGDP targeting to avoid embarrassment

Over the past six years the “hawks” among UK and US central bankers have been proven wrong. They have continued to argue that a spike in inflation was just around the corner because monetary policy was “high accommodative”. 399 more words

NGDP Targeting

The story of a remarkably stable US NGDP trend

Today revised US GDP numbers for Q3 were released. While most commentators focused on the better than expected real GDP numbers I am on the other hand mostly impressed by just how stable the development in… 225 more words

NGDP Targeting