Tags » Ngdp

Why the recovery has been so weak: an extension

Kevin Drum posts:

I don’t really have any good hook for posting this chart, but it’s one of the most important ones you’ll ever see. 

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Monetary Policy

Fiscal deficits continue to be the best advice!

A recent example from Simon Wren-Lewis:

 …I would much prefer additional public investment, for which there is a strong microeconomic as well as macroeconomic case…

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Monetary Policy

The 2002-04 period in the limelight once again

Tony Yates:

It’s highly contestable that the Fed set too-loose monetary policy in the early 2000s.  Bernanke made a stern and convincing case in favour of what they did while still Fed chair. 

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Monetary Policy

What's Wrong with Market Monetarism and NGDP Targeting

TomWoodsTV, Mar 2015

Free-market economist Joe Salerno explains the problems with the fashionable approach of “NGDP targeting.”

Time: 24:42

Economy

In January 2009, 6 months into the NGDP crash, Blinder was “blind” to the real reasons behind the economic downfall

In January 2009 Alan Blinder wrote in Vox: “Oil shocks redux”:

Summary:

Why didn’t the most recent run-up in oil prices have dramatic effects as in the 1970s…

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NGDP

Krugman remains “confused”

Previously, Steve Williamson said Krugman was “confused”. To sort of “settle the issue, in “Demand Policies in Two Big RecessionsKrugman writes: 257 more words