Tags » Nominal Income Targeting

Stanley Fischer - this guy can keep NGDP on a straight line

This is from Reuters:

Stanley Fischer, who led the Bank of Israel for eight years until he stepped down in June, has been asked to be the Federal Reserve’s next vice chair once Janet Yellen takes over as chief of the U.S.

380 more words
NGDP Targeting

Did Bennett McCallum run the SNB for the last 20 years?

Which central bank has conducted monetary policy in the best way in the last five years? Among “major” central banks the answer in my view clearly would have to be the… 1,025 more words

NGDP Targeting

Richard Fisher and the "working men and women of America"

This is Richard Fisher, President of Federal Reserve Bank of Dallas:

“We have made rich people richer,” Fisher told CNBC today. “The question is, what have we done for the working men and women of America?”

388 more words
NGDP Targeting

Are half a million hardworking Poles to blame for the UK real estate bubble?

The answer to the question of course is no, but let me tell the story anyway. It is a story about positive supply shocks, inflation targeting, … 792 more words

NGDP Targeting

Mr. Osborne: "There is a lot of innovative stuff happening around the world"

It is hard not getting just a bit excited about the discussions getting under way in the UK after the coming Bank of England governor Mark Carney basically has… 868 more words

NGDP Targeting

The “Export Price Norm" saved Australia from the Great Recession

Milton Friedman once said never to underestimate the importance of luck of nations. I believe that is very true and I think the same goes for central banks. 2,457 more words

NGDP Targeting

BoJ might become the first central bank in the world to introduce NGDP targeting

I stole this from Britmouse (who got it from Bloomberg):

Abe advocates increased monetary easing to reverse more than a decade of falling prices and said he would consider revising a law guaranteeing the independence of the 

171 more words
NGDP Targeting