Opponents of NGDP level targeting often accuse Market Monetarists of being “inflationists” and of being in favour of reflating bubbles. Nothing could be further from the truth – in fact we are strong proponents of sound money and nominal stability. I will try to illustrate that with a simple thought experiment. Imagine that that the […]
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The counterfactual US inflation history – the case of NGDP targeting
Posted by Lars Christensen on October 6, 2012
https://marketmonetarist.com/2012/10/06/the-counterfactual-us-inflation-history-the-case-of-ngdp-targeting/
The (mobile) market just solved Zimbabwe’s “coin problem”
I wonder if any of my readers remember my post about how ““Good E-money” can solve Zimbabwe’s ‘coin problem’”. In my post on Zimbabwe’s so-called “coin problem” I came up with a possible solution: “This might all seem like fantasy, but the fact remains that there today are around 500 million cell phones in Africa […]
Posted by Lars Christensen on September 24, 2012
https://marketmonetarist.com/2012/09/24/the-mobile-market-just-solved-zimbabwes-coin-problem/
Bernanke, Obama and the political business cycle – and some research ideas
This week I attended a presentation by my good friend and professor of political science at the University Copenhagen Peter Kurrild-Klitgaard about the upcoming US presidential elections. In his presentation Peter presented some of his models for predicting the outcome of US presidential elections. Peter’s thesis is that what determines the US presidential election primarily […]
Posted by Lars Christensen on September 23, 2012
https://marketmonetarist.com/2012/09/23/bernanke-obama-and-the-political-business-cycle-and-some-research-ideas/
Friedman, Schuler and Hanke on exchange rates – a minor and friendly disagreement
Before Arthur Laffer got me very upset on Monday I had read an excellent piece by Kurt Schuler on Freebanking.org about Milton Friedman’s position on floating exchange rates versus fixed exchange rates. Kurt kindly refers to my post on differences between the Swedish and Danish exchange regimes in which I argue that even though Milton […]
Posted by Lars Christensen on August 8, 2012
https://marketmonetarist.com/2012/08/08/friedman-schuler-and-hanke-on-exchange-rates-a-minor-and-friendly-disagreement/
Forget about East African Monetary Union – let the M-pesa do the job
It is not only in Europe that the idea of currency union has considerable political backing. This is certainly also the case in Africa. In fact there is already de facto a currency union (officially two currency unions) in Central and Western Africa in the form of the two CFA franc zones. Furthermore, there are […]
Posted by Lars Christensen on July 29, 2012
https://marketmonetarist.com/2012/07/29/forget-about-east-african-monetary-union-let-the-m-pesa-do-the-job/
Selgin’s challenge to the Market Monetarists
Anybody who have been following my blog knows how much admiration I have for George Selgin so when George speaks I listen and if he says I am wrong I would not easily dismiss it without very careful consideration. Now George has written a challenge on Freebanking.org for us Market Monetarists. In his post “A […]
Posted by Lars Christensen on July 8, 2012
https://marketmonetarist.com/2012/07/08/selgins-challenge-to-the-market-monetarists/
Project African Monetary Reform (PAMR)
Project African Monetary Reform (PAMR) – post 1 The blogoshere is full of debates about US monetary policy and the mistakes of the ECB are also hotly debated. However, other than that there is really not much debate in the blogoshere about monetary policy issues in other countries. I have from I started blogging said […]
Posted by Lars Christensen on July 7, 2012
https://marketmonetarist.com/2012/07/07/project-african-monetary-reform-pamr/
Time to try WIR in Greece or Ireland? (I know you are puzzled)
The ECB so far has refused to sufficiently increase the money base to meet the increase in the demand of money and as a result euro zone money-velocity has contracted. We are basically in a monetary disequilibrium. Normally we would say an excess demand for money can be reduced in two ways. Either you can […]
Posted by Lars Christensen on June 23, 2012
https://marketmonetarist.com/2012/06/23/time-to-try-wir-in-the-greece-or-ireland-i-know-you-are-puzzled/
Robert E. Keleher R.I.P.
I was saddened by the news that Robert E. Keleher has pasted away on May 27 at an age of 67. Keleher pioneered what he termed the Market Price Approach to Monetary Policy. I my view Keleher’s work on monetary policy clearly was similar to Market Monetarism. Here is Kurt Schuler on Freebanking.org: “Bob’s most […]
Posted by Lars Christensen on June 6, 2012
https://marketmonetarist.com/2012/06/06/robert-e-keleher-r-i-p/
The spike in Kenyan inflation and why it might offer a (partial) solution to the euro crisis
The euro zone is suffering from deflationary pressures and there is an obvious a need for monetary easing. On the other hand Kenya do not have that problem. In fact Kenyan inflation (and NGDP) has risen sharply since 2009. In some sense you can say that Kenya has what the euro zone needs and it […]
Posted by Lars Christensen on June 4, 2012
https://marketmonetarist.com/2012/06/04/the-spike-in-kenyan-inflation-and-why-it-might-offer-a-partial-solution-to-the-euro-crisis/
The Market Monetarist- The shortest recession ever – unemployment will be below 6% in November
- Why have epidemiological forecasts been so wrong and what to do about it
- Presentation on the US economy and markets (in Danish)
- When Americans vote in November unemployment will be below 6%
- The Corona Crisis – a Scandinavian perspective.
- ONE factor explains most of the differences in Covid19 deaths across countries
- All set for a fast recovery after the ‘Great Lockdown’
- A talk with the Icelandic Minister of Finance on the corona crisis
- Well done! Decisive actions from global central banks
- A (Keynesian-Monetarist) proposal to shock the euro zone out of the crisis
