Paul Krugman likes to point out that market monetarists don’t have much influence. Perhaps not, but our ideas do seem increasingly popular in the world’s 3rd largest economy. Now if only we could convince them to do price level targeting, or better yet NGDPLT.
Paul Krugman likes to point out that market monetarists don’t have much influence. Perhaps not, but our ideas do seem increasingly popular in the world’s 3rd largest economy. Now if only we could convince them to do price level targeting, or better yet NGDPLT.
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The Money Illusion A slightly off-center perspective on monetary problems. Market monetarism in Japan
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