Tags » Ngdp Targeting
St. Louis Federal Reserve president James Bullard just came out in support of nominal GDP targeting – or rather he has co-authored a rather interesting new Working Paper, which concludes that NGDP targeting under some circumstances would be the best policy to pursue. 946 more words
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
441 more words
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?