EconoMonitor

If Only Bloggers Ran the Fed…

From the latest Kauffman Economic Outlook, a quarterly survey of economic bloggers, we find this figure:

Too bad bloggers cannot run the Fed. At least we have changed the conversation so that the Fed is talking about NGDP targeting.

P.S. A note to those bloggers who want the central bank to target repo rates. If a central bank successfully adopts a NGDP level target, then many of the problems surrounding repos and interbank lending would disappear.

This post originally appeared at Macro and Other Market Musings and is posted with permission.

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Dan Steinbock

Dr Dan Steinbock is a recognized expert of the multipolar world. He focuses on international business, international relations, investment and risk among the major advanced economies (G7) and large emerging economies (BRICS and beyond).

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