Econ Comments
Project Syndicate | A Gravity Test for the Euro
Although I appreciate that exchange rates are never easy to explain or understand, I find today’s relatively robust value for the euro somewhat mysterious.
Financial Post | NGDP targeting: the very latest econo-fad
Targeting nominal growth is the new idea sweeping monetary policy.
WSJ | Obama's Perplexing Populism
Inflation hits lower-income people especially hard. So why is the president ignoring rising food prices?
Blogs
WSJ: Real Time Economics | Inflation Adjustments Fall Short for Social Security
Annual cost of living adjustments for Social Security are falling short, reducing the real level of benefits paid out to retired Americans, research from the Federal Reserve Bank of Chicago argues.
Cato @ Liberty | More on Nominal Sales and Monetary Policy
Fed should focus on keeping the economy growing at a nominal rate of around 5 percent per year. This allows for an average annual growth rate of around 3 percent and an annual inflation rate of around 2 percent.
