Have a look at Tintin explaining NGDP targeting here.
HT Marcus Nunes.
The Tintin of NGDP targeting
Posted in NGDP Targeting, Nominal Income Targeting
Posted by Lars Christensen on October 28, 2011
https://marketmonetarist.com/2011/10/28/the-tintin-of-ngdp-targeting/
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Ram
/ October 28, 2011Thanks for sharing my video, Lars! Warts and all, I think it could’ve come out a lot worse.
Lars Christensen
/ October 28, 2011Ram, it is an really good video so I hope a lot of people will watch it.
Benjamin Cole
/ October 28, 2011Great!
Blake Johnson
/ October 28, 2011Hmmm. 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.
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.