by Summary:
[unable to retrieve full-text content]The title to this post is a link to George Selgin’s Twitter thread. I write about nominal GDP targeting in Optimal Monetary Policy: Could the Next Big Idea Come from the Blogosphere?I tell my students—based on the equation of exchange MV = PY, that nominal GDP targeting (targeting PY) can also be described equivalently as targeting the velocity-adjusted money supply MV. Permalink
Topics:
Miles Kimball considers the following as important:
This could be interesting, too:
[unable to retrieve full-text content]The title to this post is a link to George Selgin’s Twitter thread. I write about nominal GDP targeting in Optimal Monetary Policy: Could the Next Big Idea Come from the Blogosphere?I tell my students—based on the equation of exchange MV = PY, that nominal GDP targeting (targeting PY) can also be described equivalently as targeting the velocity-adjusted money supply MV. Permalink
Topics:
Miles Kimball considers the following as important:
This could be interesting, too:
Tyler Cowen writes How rational was Spock?
Tyler Cowen writes Saturday assorted links
Raj Persaud writes A Requiem for the Stiff Upper Lip
Alex Tabarrok writes Legalize Direct Sales of Electric Vehicles to Consumers!
The title to this post is a link to George Selgin’s Twitter thread.
I write about nominal GDP targeting in
I tell my students—based on the equation of exchange MV = PY, that nominal GDP targeting (targeting PY) can also be described equivalently as targeting the velocity-adjusted money supply MV.