Ricardo Reis Explains How to use Interest on Reserve for Inflation Targeting

This is the eighth installment of our interview series “Where is the General Theory of the 21st Century?” In this installment, we continue our talk with Professor Ricardo Reis, A.W. Phillips Professor of Economics at the London School of Economics. Reis has shared with us his view on the state … read the whole thing…

Why Negative Rate is a better policy tool to Higher Inflation Target? Bernanke Explains…

In his latest Brookings blog post “Modifying the Fed’s policy framework: Does a higher inflation target beat negative interest rates?”, Ben Bernanke compares two policy tools central banks can use to stimulate the economy – the hotly discussed idea of Raising Inflation Target and Negative Interest Rate. The TLDR answer … read the whole thing…