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Project African Monetary Reform (PAMR)

Project African Monetary Reform (PAMR)

Project African Monetary Reform (PAMR) - post 1

Imagine that a S&P500 future was the Fed's key policy tool

Imagine that a S&P500 future was the Fed's key policy tool

Here is Yale economics professor Stephen Roach:

Noah Smith should ask why stock markets are volatile

Noah Smith should ask why stock markets are volatile

Noah Smith has a new blog post where he questions Scott Sumner's idea that monetary policy should be conducted with the use of NGDP futures.

Is monetary easing (devaluation) a hostile act?

Is monetary easing (devaluation) a hostile act?

One of the great things about blogging is that people comment on your posts and thereby challenge your views and at the same time create new ideas for blog posts. Therefore I want to thank commentator Max for the following response to my previous post:

The Fed can hit any NGDP target

The Fed can hit any NGDP target

I hate getting into debates where different bloggers go back and forth forever and never reach any conclusion. I am not blogging to get into debates, however, I must admit that Steven Williamson's recent posts on NGDP level targeting have provoked me quite a bit.

My Skåne vacation and what I am reading

My Skåne vacation and what I am reading

It is vacation time for the Christensen family so I might not be blogging too much in the next couple of weeks, but we will see. I would however, like to share what books I have brought with me on our vacation in our vacation home in Southern Sweden (Skåne).

Clark Johnson on "Keynes: Evidence for Monetary Policy Ineffectiveness?"

Clark Johnson on "Keynes: Evidence for Monetary Policy Ineffectiveness?"

Over the last couple of days we have published four guest posts by Clark Johnson on "Keynes:  Evidence for Monetary Policy Ineffectiveness?". Here you can read the paper in its entirety.

Guest post - Keynes:  Evidence for Monetary Policy Ineffectiveness? (Part 4, by Clark Johnson)

Guest post - Keynes: Evidence for Monetary Policy Ineffectiveness? (Part 4, by Clark Johnson)

Guest post: Part 3 – Keynes: Evidence for Monetary Policy Ineffectiveness (continued)

I can hear Uncle Milty scream from upstairs - at James Bullard

I can hear Uncle Milty scream from upstairs - at James Bullard

The St. Louis Fed has long been a bastion of monetarist thinking, but something has changed at the Eighth Federal Reserve District. Here is St. Louis Fed president James Bullard in an interview with Bloomberg:

Lorenzo and Horwitz debate Austrian economics

Lorenzo and Horwitz debate Austrian economics

Back in April our friend Lorenzo did a interesting post on Austrian theory. That has now triggered a response from Steve Horwitz who defends the Austrian position. It is excellent stuff. It is a debate between two clever debaters and I have very strong sympathies for both gentlemen. However, I don't have time today to go through the entire debate, but I will strongly recommend to my readers to take a look at this very interesting debate.

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