December 17, 2012 at 10:20 AM EST
The Eurozone NGDP Catastrophe
Suddenly we have everyone from Charles Evans to Mark Carney talking about NGDPLT. Now that the idea is no longer confined within the tiny market monetarist community, perhaps it’s a good time to re-examine how policymakers stack up using this benchmark. The US experience is well known. Our GDP is up 9.59% from 2008:2 to [...]
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