Effective Monetary Policy Implementation In A Zero-Interest Rate World


Via Tyler Cowen, we have this. Tyler Cowen is enthusiastic, and I have to say that I am very intrigued as well. It would be interesting to see if Paul Krugman even acknowledges that there is still room for monetary policy in solving the economic crisis.

And hey, has anyone told the Obama Administration about this approach yet? Because they ought to know about it.


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