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):
Marcus Nunes: Historinhas
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