Entries by Matt Nolan

Fair point

From this entertaining discussion of the Rethinking Macroeconomics II conference comes this gem (ht Economist’s View) 8) Can we realistically solve the “too big to fail” problem? We have to solve it. If we can’t, then nationalize these behemoths and pay the people who run them the same wages as everyone else who work for […]

A verdict on NGDP

Simon Wren-Lewis has been discussing some of the ideas about NGDP targeting, and has reached his (tentative) conclusion: My proposal is therefore the adoption of a target path for the level of NGDP that monetary policy can use as a guide to efficiently achieving either the dual mandate, or the inflation target if we are […]