A proposal for the monetary authorities to adopt a target of nominal GDP, aired by Bank of England Governor-designate Mark Carney in December, was discussed on the… Read more “Market Monetarism at the G20”
Tag: NGDP
Wrong or Lying
This morning while scanning through Pulse, I nearly spit my tea (I don’t drink coffee because it doesn’t agree with my stomach) onto my tablet when I… Read more “Wrong or Lying”
Matthew Blanchard? Niklas Yglesias?
If we were more philosophically aligned, I think Matthew and I would hold very similar policy views, indeed: …This is pie-in-the-sky, but I think that if Congress… Read more “Matthew Blanchard? Niklas Yglesias?”
Excuses, Excuses
A commenter over at Ezra Klein’s blog asks: Can somebody tell me the core issue behind this latest crisis?!? Klein then proceeds to outline, in a fashion… Read more “Excuses, Excuses”
Being Concise
Scott Sumner thinks those of us who favor a monetary policy regime of explicit level targeting of a nominal variable (NGDP, in this case) should do one… Read more “Being Concise”
Complexity? Or Efficiency?
Andrew Haldane (via Arnold Kling writes about one of my favorite subjects: complexity. Ezra Klein also has a post about complexity that makes absolutely no sense, and… Read more “Complexity? Or Efficiency?”
Error of Omission
Leigh Caldwell identifies a (rather embarassing) error of omission on my part in the comments of my recent post about Paul Krugman’s NYT column (and just to… Read more “Error of Omission”
Pleasantries
It is not often that I agree with the the way Paul Krugman envisions the world, at least superficially — or through the lens of politics. However,… Read more “Pleasantries”
Sentences to Ponder
This is from an argument by Kevin Drum about the size of banks: It’s true that I think trying to break up big banks is politically unfeasible,… Read more “Sentences to Ponder”
Falling NGDP Makes Mountains out of Mole Hills
Further verification that the cause of the deepest part of the recession (2008Q3 onward) was tight money causing falling NGDP. Check out this map, courtesy of Mark… Read more “Falling NGDP Makes Mountains out of Mole Hills”