Wednesday, August 20, 2014

Pranjul Bhandari, Jeffrey Frankel — Central banks in developing countries should consider targeting nominal GDP


More nonsense about monetary policy. It's the fiscal, stupid.

Vox.eu
Central banks in developing countries should consider targeting nominal GDP
Pranjul Bhandari, Jeffrey Frankel

1 comment:

Anonymous said...

So, what is interest rate targeting REALLY good for, aside from lancing bubbles caused by monetary policy?