Nobel Laureate Christopher Sims argues that since fiscal policy guarantees the value of fiat money, central banks can never be truly independent of governmentNobel Laureate Christopher Sims argues that since fiscal policy guarantees the value of fiat money, central banks can never be truly independent of government
#LiNoEcon participant Simon Mee describes how Germany’s monetary history became a political football#LiNoEcon participant Simon Mee describes how Germany’s monetary history became a political football
In my previous post about Christopher Sims’s lecture at Lindau, I concentrated on his remarks about the increasing “moneyness” of financial assets. When both conventional “money” and other financial assets are highly liquid and fungible, monetary and fiscal policy become indistinguishable. What does that imply for price stability and the role of central banks? The traditional quantity […]
Technology changes and post-crisis monetary policy are making financial assets and money indistinguishable. Central banks now need to work in partnership with fiscal authorities.
Meet Ryadh Alkhareif, young economist from Saudi Arabia.
#LindauEcon14 participant Matthew S. Wilson explores how our beliefs about the effectiveness of monetary policy could themselves lead to the desired outcome.
