Faculty News
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An op-ed by Prof. Amity Shlaes on targeting nominal gross-domestic-product growth
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Excerpt from Bloomberg -- "In short, the big vulnerability of NGDP targeting is that it’s a license to inflate. It will inevitably undermine the Fed’s mandate to maintain price stability." Additional coverage in Bloomberg Newsweek, National Post, The New York Times Economix Blog, National Review
Faculty News
—
Excerpt from Bloomberg -- "In short, the big vulnerability of NGDP targeting is that it’s a license to inflate. It will inevitably undermine the Fed’s mandate to maintain price stability." Additional coverage in Bloomberg Newsweek, National Post, The New York Times Economix Blog, National Review