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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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Phillips Curve

Phillips curve, unemployment, real wages, Federal Reserve, productivity
Economic Thought, Money & Politics, News

Eppur Si Muove, or, How Not to Explain Stagnant Real Wages

George Selgin/July 24, 2018June 19, 2022

Lately the old-timers here at Cato's Center for Monetary and Financial Alternatives — which is to say, Jim Dorn and I — have been talking a lot about the Phillips Curve, which seems to be playing a part in monetary policy discussions today almost as big as…

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Bill Niskanen, dual mandate, lender of last resort, monetary policy, Phillips Curve
Inflation & Deflation, Money & Politics, The Fed & Central Banks

Bill Niskanen: Monetary Policy Radical

George Selgin/December 21, 2017June 19, 2022

Several days ago a colleague of mine, referring to the Niskanen Center's recent conspectus, wondered whether Bill Niskanen, the former Chairman of the Cato Institute after whom the Niskanen Center is named, would have agreed with a claim it made. The claim was that promoting sound monetary…

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dual mandate, FOMC, labor force participation, Phillips Curve, Unemployment
Money & Politics, News, The Fed & Central Banks

The Jobs Conundrum

Gerald P O'Driscoll/June 8, 2017June 19, 2022

At next week’s FOMC meeting, the state of the labor market will play a key role in policy deliberations. But there’s a lot more going on underneath top line unemployment numbers that make them a bad tool for monetary policy decision-making. The May employment report is a…

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Fed divided, FOMC, rate rise, interest rates
Inflation & Deflation, The Fed & Central Banks

A Fed Divided

Gerald P O'Driscoll/October 26, 2015June 19, 2022

Markets once again are waiting breathlessly for a decision on short-term interest rates by the FOMC, the Federal Reserve’s monetary policy making arm.  All signs point to no change in interest rates.  More interesting is a possible change in how members of the FOMC are thinking about…

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Contributors

  • Norbert Michel
  • Alan Reynolds
  • Larry White
  • Hu McCulloch
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Categories

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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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