FTPL explained part 2: interest rate
In my previous blog about FTPL, I explained the basic idea of FTPL. In this blog I will dig a bit deeper in the relations between the government, central bank policy and inflation. I also…
cochrane
FTPL is not dead
Noah Smith (@noahpinion) recently wrote a blog on bloomberg about how our most cherished economic theories have been burried by the economic reality of Japan. One of the economic theories that have failed, according to Noah, is…