tag:blogger.com,1999:blog-5713178645208582139.post566251089993039818..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: Assorted Macro MusingsDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5713178645208582139.post-16445898512425971162018-03-04T08:39:12.509-06:002018-03-04T08:39:12.509-06:00FINANCIAL BREAKTHROUGH
Life indeed is GRACE, I...FINANCIAL BREAKTHROUGH<br /><br />Life indeed is GRACE, I'am Daan Sophia currently in California USA. I would like to share my experience with you guys on how I got a loan of $185,000.00 USD to clear my bank draft and start up a new business. It all started when i lost my home and belongings due to the bank draft I took to offset some bills and some personal needs. I became so desperate and Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-42422093042070251782018-02-25T15:00:23.603-06:002018-02-25T15:00:23.603-06:00I'm really impressed by the BoI. I've lon...I'm really impressed by the BoI. I've long been persuaded that NGDPLT was the right target, but I thought that the LT component was the key because I had some doubts that steady NGDP growth was possible. I learned too much Philips Curve 3 decades ago in college. I'm very glad to see that this can work year in and year out, not just over time. billnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-56763393539654250902018-02-25T07:54:59.782-06:002018-02-25T07:54:59.782-06:00Ben, you're proposing helicopter drops. Even t...Ben, you're proposing helicopter drops. Even those need to be tied to a target to make a difference. But yes, on your more general point, it will be interesting to see how monetary policy handles the next recession. David Beckworthhttps://www.blogger.com/profile/04577612979801459194noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-67643312510554479042018-02-25T07:53:04.969-06:002018-02-25T07:53:04.969-06:00I am focusing on the period when Israel was "...I am focusing on the period when Israel was "doing it right" in terms of FIT, which I note in the post was from mid-2000s. During that time unemployment been heading down and the OECD shows a slightly positive output gap over much of the past decade. So, yes, the BoI is doing a comparatively good job. Also, monetary policy is not a cure all for the structure of the economy. It can'tDavid Beckworthhttps://www.blogger.com/profile/04577612979801459194noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-53516321489596066392018-02-23T21:16:15.593-06:002018-02-23T21:16:15.593-06:00Great post.
I contend in the next recession, the...Great post. <br /><br />I contend in the next recession, the argument will move to instruments. <br /><br />Oh, maybe we will have a 2.0% inflation target. If we are smart a 1% to 3% band. But how to get there? We will hit zero bound nearly on Day One of a recession. <br /><br />Stuffing banks with reserves and hoping they lend it out seems futile. (Especially if you slap on IOER). <br /><br />SoBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-67495986440542892672018-02-23T19:08:23.383-06:002018-02-23T19:08:23.383-06:00And yet Israel's unemployment rate has been qu...And yet Israel's unemployment rate has been quite volatile (peaking at 11% in 2004) and, as best i can tell, returns on capital have been subpar (judging by the equity index). So what exactly does NGDP targeting get you other than bragging rights about "avoiding recessions" (while burdening your population with inflation instead).Anonymousnoreply@blogger.com