Tag: NGDP Targeting

The Swiss sovereign-money referendum, also known as the Sovereign-Money Initiative, which aims to creates a safe and crisis-free, yet experimental, banking system in Switzerland will be held on 10th June.

In this interview, Prof. Farmer explains to us: Why are multiple equilibria modeling better compared to the standard unique equilibrium model? Why should "belief" be an important component to macroeconomic modeling? Why should central banks consider stock market intervention in stabilizing the employment markets?