Tags » Ngdp Targeting

Three simple changes to the Fed's policy framework

Frankly speaking I don’t feel like commenting much on the FOMC’s decision today to keep the Fed fund target unchanged – it was as expected, but sadly it is very clear that the Fed has not given up the 1970s style focus on the Phillips curve and on the US labour market rather than focusing on monetary and market indicators. 533 more words

Targeting Nominal Gross Output (NGO) will not provide Nominal Stability

At the closing of 2015, Vincent Geloso proposed that the Fed target Nominal Gross Output (NGO), concluding:

If monetary policy should shift to targeting nominal spending, NGDP is not the best indicator – NGO is.

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A UK case against NGDP Targeting turns mostly on the alleged quality of the data

A James Alexander post

We have already posted 0n the growing debate in the Euro Area on NGDP Targeting. The first of three papers was leaked in September and Scott Sumner… 1,619 more words

James Alexander

A French assessment of NGDP Targeting misses the point

A James Alexander post  

A few days ago we contrasted the bad news of Draghi disappointing markets after the December ECB Board meeting with the good news of the… 1,576 more words

James Alexander

More rays of light in the Euro Area

A James Alexander post

In a few decades, if the European monetary union experiment has failed, the gravestone will be marked with the utterly depressing and anti-stimulative inflation objective of “Below, but close to, two percent”. 1,264 more words

James Alexander

Did Bill Gross get some insight from this blog? Maybe but it might (unfortunately) be outdated

The legendary Bill Gross – formerly of PIMCO and these days Janus Capital – does not believe in a hike from the Federal Reserve this year. 599 more words

NGDP Targeting

UK Socialists show interest in NGDP Targeting, BoE proxy moans

A James Alexander post

Scott Sumner is both warming up to Bernie Sanders and getting excited by growing signs of acceptance for Market Monetarism. In the UK we seem to be getting both things in the one package. 525 more words

James Alexander