Tagged: International economics

Some broad lessons from the GFC - The Dismal Science

Matt Nolan Mar 14, 2014

I had to do a brief chat about the Global Financial Crisis, “mistakes” that were made, and the role of the international financial architecture, for a organisation I’m not naming with people I’m not naming.  It was Chatham House rules, but nothing particularly rough was said – so I’m more not naming anything as I […] … Read More

Inflation stickiness, demand, and judging the success of monetary policy - The Dismal Science

Matt Nolan Jan 30, 2013

I am still a fan of flexible inflation targeting.  I agree with Nick Rowe that explicit inflation targeting has made inflation outcomes “stickier” – and that knowing inflation is in a range of the inflation target is therefore insufficient for telling if the central bank is truly achieving “socially optimal policy”. For all the time [...] … Read More

Menzie Chen on currency wars - The Dismal Science

Matt Nolan Jan 30, 2013

You know I don’t believe that the “currency war” is a negative thing in a world of insufficient demand (*,*,*,*,*).  But Menzie Chen from Econbrowser has the same view – and to be absolutely honest their view is significantly more reputable than mine .  Furthermore, it was a point that Chen made all the way [...] … Read More

The currency “war” myth that won’t die - The Dismal Science

Matt Nolan Jan 23, 2013

Over on Rate’s Blog I’ve seen an approving link to an article discussing the “currency wars” that are going on around the world. As Lars Christensen says here, and as we’ve said on many occassions ourselves given that monetary policy is pegged to an implicit inflation target this isn’t “beggar thy neighbour” policy at all [...] … Read More

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