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The Tintin of NGDP targeting

Have a look at Tintin explaining NGDP targeting here.

HT Marcus Nunes.

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5 Comments

  1. Ram

     /  October 28, 2011

    Thanks for sharing my video, Lars! Warts and all, I think it could’ve come out a lot worse.

    Reply
  2. Ram, it is an really good video so I hope a lot of people will watch it.

    Reply
  3. Benjamin Cole

     /  October 28, 2011

    Great!

    Reply
  4. Blake Johnson

     /  October 28, 2011

    Hmmm. The robot voices kind of creep me out. I think I will stick to hearing Scott Sumner’s presentations. Good explanation of NGDP targeting in any case, though I don’t really believe in the liquidity trap personally.

    Reply
  5. Alex Salter

     /  October 29, 2011

    @Blake: Neither does Lars Svensson, and he’s pretty New Keynesian. At the very least, it’s strange to say monetary policy is ineffective when the central bank can print a bunch of currency and buy foreign exchange; I guarantee that would change peoples’ inflation expectations.

    Reply

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