It’s true that I prefer NGDP Targeting like many other market monetarists. But I also think the Fed did a pretty good job during the Grand Moderation without NGDP Target.In fact, market monetarism is mostly about another set of ideas. The important thing here is to keep in mind that NGDP targeting is not on […]
All posts in category NGDP Target
Market Monetarism is more than NGDP Targeting
Posted by kgorgen on October 21, 2020
https://www.themoneymischief.com/market-monetarism-is-more-than-ngdp-targeting/
The Fed’s New Strategy: Tiny Steps Forward
Many experts seem to have mixed feelings about AIT. While some experts are sure that AIT will be disastrous, pro-free market economists tend to view the situation as a rejection of Keynesian Phillips Curve models. The paragraph that caught my attention in Powell’s speech was this: “Our revised statement says that our policy decision will […]
Posted by kgorgen on September 22, 2020
https://www.themoneymischief.com/the-feds-new-strategy-tiny-steps-forward/