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Monthly Archives: September 2019

The problem with monetarist’s view of inflation

Long-run stability of the velocity, or the filpside of it, money demand, however, is not a empirically founded assumption.

The repo spike is not liquidity crisis; it is a crisis for Fed’s floor system

The floor system needs a cap on top of it. The sooner the Fed realizes it, the better they will be prepared for the coming financial turmoil.

Interviews

How to use Interest on Reserve for Inflation Targeting? | Q&A with Ricardo Reis...

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...