Categories:
Macroeconomics
Monetary Policy
Great line from Lars Christensen. Read the underlying facts.
Great line from Lars Christensen. Read the underlying facts.
READER COMMENTS
Steve J
Apr 25 2014 at 12:00pm
There were a lot of people who warned against using QE. I think most of them were not central bankers.
Also the NGDP numbers from Israel look surprisingly smooth.
talldave2
Apr 25 2014 at 3:09pm
Liquidity traps will be remembered as the real bills doctrine of our times, one of the great blunders in economic thought.
There’s something poetic about Israel having the only CB that understands ZLB right now. Hopefully enlightment will soon follow him to the Fed.
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