Federal Reserve, Cato Journal, The Fed, behavioral economics, inflation targeting, zero lower bound, balance sheet, normalization

The fall 2016 issue of the Cato Journal is now available. Along with articles on free speech, climate change, and the peculiar business of politics, the latest edition offers a full line up on pressing issues in the current discourse on monetary policy. Among them are pieces critiquing calls to raise the Fed's inflation target, the Fed's…

Claudio Borio, deflation, natural rate of interest, savings glut, secular stagnation

A new issue of the Cato Journal, which collects the proceedings of last year’s Annual Monetary Conference, was released last week.  Those proceedings include a paper by Claudio Borio, head of the Bank for International Settlement's monetary and economic department, which Alt-M readers may find particularly interesting….