Christina Romer comes out in support of NGDP targeting

Christina Romer comes out in support of NGDP targeting
The momentum for NGDP targeting is clearly building. Anybody who is interested in monetary policy and in what will be driving the global market sentiment going forward should have a look this issue. The latest convert is Christina Romer the former chair of Council of Economic Advisers. Have a look at Dr. Romer's open letter to Ben Bernanke. ------ Update: Scott Sumner has an excellent comment on Christina Romer, where he pays tribute to the great Bennett McCallum. Some thing I naturally appreciate very much given the attention that I have been giving to McCallum and the McCallum rule myself. David Beckworth also has a comment on Romer (and some Baseball stuff an European like me can't understand...) See a few of my McCallum posts here: Bennett McCallum – grandfather of Market Monetarism More on the McCallum-Christensen rule (and something on Selgin and the IMF)


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