Múltiplos de Zero
Economia

Múltiplos de Zero


Do artigo de John Cogan e John Taylor no WSJ de hoje:

The economic data rolling in confirm that recent temporary, targeted stimulus programs have not worked, and that their enactment was a triumph of Keynesian wishful-thinking over practical experience.



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John B. Taylor identifica a política monetária excessiva como a causa da crise:"... Monetary excesses were the main cause of the boom. The Fed held its target interest rate, especially in 2003-2005, well below known monetary guidelines that say what...

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O artigo de John Taylor citado neste blog é discutido por David Altig, Vice Presidente e Diretor de Pesquisa do Fed de Atlanta. Ele argumenta que o Fed tem uma estratégia de saída (redução do balance sheet) para tornar a política monetária menos...



Economia








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