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andolfatto.blogspot.com | ||
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johnhcochrane.blogspot.com
[AI summary] An economist proposes a counterintuitive model suggesting that raising nominal interest rates and holding them steady could generate inflation, contrasting with standard monetary policy lore. |
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monetaryfreedom-billwoolsey.blogspot.com
I believe it was Robertson who claimed that what was true in Keynes was not new and what was new in Keynes was not true. Much the same can... |
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www.rogerfarmer.com
[AI summary] The text presents an in-depth exploration of macroeconomic theory through the lens of Roger E. A. Farmer's academic work. It delves into the complexities of monetary theory, equilibrium concepts, and the role of central banks. Key themes include the endogeneity of money, the distinction between exogenous and endogenous money, the implications of liquidity traps, and the evolution of monetary policy frameworks. Farmer's perspective emphasizes the importance of general equilibrium theory, the role of banks in creating money, and the need for central banks to consider broader economic dynamics beyond traditional single-agent models. |
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bytepawn.com
I explore several points that are rarely explained in Modern Monetary Theory narratives: from taxation in non-tax economies to central bank independence, inflation targets, and the many forms of money that exist beyond government spending. These are areas where the story of MMT could be told more completely. |
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