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Japan shows that QE works

Japan shows that QE works

I am getting a bit worried – it has happened again! I agree with Paul Krugman about something or rather this time around it is actually Krugman that agrees with me.

Guest blog: Growth or level targeting? (by David Eagle)

Guest blog: Growth or level targeting? (by David Eagle)

We continue the series of guest blogs by David Eagle on his research on NGDP targeting and related topics.

The biggest cost of nominal stability is ignorance

The biggest cost of nominal stability is ignorance

Anybody who has visited a high inflation country (there are few of those around today, but Belarus is one) will notice that the citizens of that country is highly aware of the developments in nominal variables such as inflation, wage growth, the exchange rates and often also the price of gold and silver.

Guest blog: Tyler Cowen is wrong about gold (By Blake Johnson)

Guest blog: Tyler Cowen is wrong about gold (By Blake Johnson)

In a recent post I commented on Tyler Cowen's reservations about the gold standard on his excellent blog Marginal Revolution. In my comment I invited to dialogue between Market Monetarists and gold standard proponents and to a general discussion of commodity standards. I am happy that Blake Johnson has answered my call and written a today's guest blog in which he discusses Tyler's reservations about the gold standard.

Did Japan have a "productivity norm"?

Did Japan have a "productivity norm"?

A couple of days ago I stumbled on a comment from George Selgin that made me think of deflation in Japan. Here is George's comment (from 2009):

Selgin and Eagle should be best friends

Selgin and Eagle should be best friends

David Eagle has a comment on Integral's piece on Evan Koeing. Here is some of the comment:

A report on my blogging in 2011 - directly from Wordpress

A report on my blogging in 2011 - directly from Wordpress

The WordPress.com stats helper monkeys prepared a 2011 annual report for this blog.

Guest post: Why I Support NGDP Targeting (by David Eagle)
Barnett getting it right...

Barnett getting it right...

William Barnett has a comment on his blog about the comments from Scott Sumner, Bill Woolsey and myself.

Divisia Money and "A Subjectivist Approach to the Demand for Money"

Divisia Money and "A Subjectivist Approach to the Demand for Money"

Recently Scott Sumner have brought up William Barnett's new book "Getting it Wrong: How Faulty Monetary Statistics Undermine the Fed, the Financial System, and the Economy". The theme in Barnett's book is basically that "normal" money supply numbers where subcomponents of the money supply is added up with equal weight give wrong measure of the "real" money supply. Instead Barnett's recommend using a so-called Divisia Money method of the money supply.

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