Food Price Deflation
Last year, and probably other times, I pointed out some rather perverse outcomes of targeting headline inflation that includes things …
Monthly Archives: September 2016
Time flies when…
It’s been three weeks since my last post and it really doesn’t seem so long. In the meantime, we’ve had …
Comment on Hatcher
When I read Scott Sumner’s latest post, used to respond to some points made by Michael Hatcher about NGDP targeting, …
New Reis paper on QE/IoR/Interest rates – Do we really have to talk about interest rates??
Scott Sumner pointed out a new paper by Ricardo Reis, explaining that it is a demand side approach to monetary …
