monetary economics


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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…


Helicopter money – It works! It works!

Last year I wrote several articles on helicopter money in which I critisized the work of economists as Buiter (2016) and Boonstra (2016) who claimed that the implementation of helicopter money would guarantee higher inflation…