Commentary

How Can Us Politics Survive No Shared Understanding of the Economy?

Republicans and Democrats there don’t just disagree about the wisdom of certain policy ideas or whether observed trends in certain metrics are worrisome. Each side has their very own data and account of the world, creating irreconcilable narratives about the state of the nation.

UK Telegraph
Blog

Lars Svensson on NGDP Targeting

I was disappointed by the short-shrift given to NGDP targeting by Lars Svensson in his paper evaluating alternatives to strict inflation-rate targeting.