kitchen table math, the sequel: off-topic: Michael Woodford endorses NGDP-targeting today at Jackson Hole

Friday, August 31, 2012

off-topic: Michael Woodford endorses NGDP-targeting today at Jackson Hole

Sorry -- again -- to be so absent. I went straight from empty-nest trauma (hate the empty nest!) to a 5-day "precision teaching practicum" Erica M helped put together...and the days have gone by.

Looking forward to getting back to ktm, but before I do, I'm posting news from my other preoccupation in life: NGDP level targeting.

Until now, the campaign for NGDP level targeting has been mostly a David-and-Goliath affair. But with Michael Woodford's endorsement of NGDP-targeting today at Jackson Hole, that may have changed.

Bloomberg has also endorsed.


The merry band (alphabetical order):
David Beckworth
Lars Christensen
David Glasner
Joshua Hendrickson
Marcus Nunes: Historinhas
Evan Soltas
Bill Woolsey
Matthew Yglesias: Michael Woodford Makes The Case For NGDP Targeting

Academic Sways Central Bankers
Market Watch: Columbia University’s Woodford is key presenter at Jackson Hole

The Great Recession: Market Failure or Monetary Policy Disorder? by Robert L. Hetzel 



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