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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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inflation target

Nominal GDP, Inflation Target, Monetary Policy, Fed, Dual Mandate
Economic Thought, Inflation & Deflation, News, The Fed & Central Banks

Lars Svensson on NGDP Targeting

George Selgin/October 15, 2019June 19, 2022

Back in July, I shared here some thoughts concerning the Fed's conference in Chicago that month, which was dedicated to a review of its tools, strategies, and communications. Among other things, I said I was disappointed by the short-shrift given to NGDP targeting by Lars Svensson's paper…

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nominal GDP, NGDP target, monetary policy, Federal Reserve, inflation target
Economic Thought, Money & Politics, The Fed & Central Banks

Some "Serious" Theoretical Writings that Favor NGDP Targeting

George Selgin/June 19, 2018June 19, 2022

On Twitter last week Stephen Williamson wrote that he was "puzzled by the infatuation with NGDP targeting. We have good reasons to care about the path for the price level and the path for real GDP. Idea seems to be that if you smooth Py … you…

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inflation, deflation, ioer, fed, floor system, deflation bias, wicksell, monetary policy, excess reserves, NGDP
Economic Thought, Inflation & Deflation, The Fed & Central Banks

The Two-Per-Cent Solution

George Selgin/September 19, 2017June 19, 2022

The Fed’s persistent failure to reach its 2 percent inflation target ever since that target was first made explicit in 2012 has elicited a great deal of commentary in the last couple months, from economists, journalists, and some Fed officials themselves. And well it ought to, for…

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About Us

Welcome to Alt-M, a community devoted to exploring and promoting ideas for an alternative monetary future. Our goal is to reveal the shortcomings of today’s centralized, bureaucratic, and discretionary monetary arrangements, and to bring serious consideration of real alternatives to the center stage of current monetary and financial reform debates.

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