Ramesh Ponnuru and I have a new article  in the National Review that places another nail in the coffin of flexible inflation targeting.  He...

The Atlanta Fed's David Altig is the latest central banker to defend flexible inflation targeting (FIT).  He says it "feels about...

Market Monetarists have long made the case that a nominal GDP (NGDP) level target would firmly anchor the expected growth path of nominal ...

The global economy appears to be headed over cliff this year.  The emerging world is experiencing a significant economic  slow down , the E...

Some parting thoughts for the weekend. 1.   Chris Hayes nails it in this interview on the implications of Senator David Vitter blockin...

What more can the Federal Reserve do at this point in the business cycle?  Can it really help spur a more robust recovery?  James Hamilton ...

Matthew O'Brien reports in the Atlantic that one important Fed official has taken the NGDP plunge:   Chicago Federal Reserve preside...