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The case for NGDP targeting
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The case for NGDP targeting

A better way to do monetary policy

Matthew Yglesias's avatar
Matthew Yglesias
Mar 31, 2021
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Slow Boring
Slow Boring
The case for NGDP targeting
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Federal Reserve Chair Jerome Powell prepares to speak at a House Financial Services Committee hearing on Oversight of the Treasury Department's and Federal Reserve's Pandemic Response in the Rayburn House Office Building on December 2, 2020 in Washington, DC.
(Photo by Jim Lo Scalzo - Pool/Getty Images)

The Ever Given has mercifully been freed from the clutches of the Suez Canal.

But back when the ship was stuck, I read a CNN article that briefly mentioned the idea that “a spike in prices could force the Federal Reserve to hike interest rates sooner than expected.”

When you think about it, this is a crazy idea…

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