The current economic crisis has called into question the role of monetary policy, particularly Inflation Targeting and its oversight of asset bubbles and supply side shocks. This column is an obituary to Inflation Targeting and call for Nominal GDP Targeting to replace it.
Πηγή: Voxeu
NICHOLAS MULDER Governments are taking over private enterprises and resources at the fastest pace in 50 years. Based on the past century’s multiple waves of
Bernhard Bartels, Barry Eichengreen, Julian Schumacher, Beatrice Weder di Mauro The fiscal dominance view holds that politically captured central banks are more likely to be
