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…
monetary economics
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…
Have you seen that spectacular movement in core inflation lately?
Exactly, there wasn’t any: