monetary

  1. myp

    Smaug the dragon's monetary shock

    Interesting (and amusing post) with good discussion in the comments. As expect from Worthwhile Canadian Initiative at this point. Good stuff, especially if you like monetary economics, macro, LOTR, or like me, all three...
  2. myp

    FOMC announces monetary policy change

    They are looking to pursue a form of Evans rule in which the central bank will keep rates low as long as unemployment is still above 6.5% and inflation is below 2.5%. Good move in my opinion, not the best, but not bad either.
  3. myp

    Monetary stimulus, fiscal stimulus, both, or neither

    What are everyone's preferred means of stimulus in downturns. Do you think there should be a built-in system of stimulus (such as NGDP targeting) or do you think it should be reactionary? Fiscal, monetary, both, or neither? And why? Share and discuss opinions below.
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