The answer is yes according to Ken Rogoff : Has the time come to consider phasing out anonymous paper currency, starting with large denom...

Paul Krugman called for a higher inflation rate at a ECB conference this week. His plea for more inflation is understandable given the fai...

It is hard to believe, but it has been almost four years since William Luther turned nominal GDP targeting into a fashion statement. Below...

There have been many proposals to improve financial stability going forward. Some of them are bound to disappoint, while others have great ...

Today I got into a discussion with Amir Sufi on Twitter about what really caused the Great Recession. Was it the vast amount of household d...

In my last post , I made the following comment: A NGDP target aims to stabilize total dollar spending. It is one target that has embedde...

Guess which think tank gives this advice in its official hand book for policymakers: The intent of Congress would be better served and ...