An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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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.
So, what is interest rate targeting REALLY good for, aside from lancing bubbles caused by monetary policy?
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