Entries by Matt Nolan

What happened to the term monetarism?

Given the sudden rapid attack on New Zealand monetary policy from various segments I’ve begun to notice a few more things crawling around in political language that confuse me. For example, the term monetarist.  In a discussion with my sister and on this post from the DimPost the term “monetarist” was used to describe a […]

On the fixed exchange rate

It appears that the idea of a fixed exchange rate has been risen, again. Now the suggestion in here does take into account the impossible trinity – so it is theoretically possible.  We have: Monetary policy can impact on output and inflation, The exchange rate is fixed, Capital flows ARE LIMITED That third one is […]