by Summary:
Promising to do “whatever it takes” in order to avert a bad equilibrium is very different from printing money when the problem is a lack of resources, or their distribution. See Gilles Saint-Paul’s “Whatever it Takes.”
Topics:
Dirk Niepelt considers the following as important: Contributions, Monetary Policy, Multiple equilibria, Notes, Resource constraint, Transfer, Transfer union, whatever it takes
This could be interesting, too:
Promising to do “whatever it takes” in order to avert a bad equilibrium is very different from printing money when the problem is a lack of resources, or their distribution. See Gilles Saint-Paul’s “Whatever it Takes.”
Topics:
Dirk Niepelt considers the following as important: Contributions, Monetary Policy, Multiple equilibria, Notes, Resource constraint, Transfer, Transfer union, whatever it takes
This could be interesting, too:
Dirk Niepelt writes Readers’ Feedback
Dirk Niepelt writes “Warum Banken gegen mehr Eigenkapital kämpfen – und wer davon profitiert” (Why Banks Oppose Higher Capital—and Who Benefits), FuW, 2026
Dirk Niepelt writes Interview on Bank Capital Requirements, Tamedia Outlets, 2026
Dirk Niepelt writes Former Central Bankers on Private vs. Public Money Creation
Promising to do “whatever it takes” in order to avert a bad equilibrium is very different from printing money when the problem is a lack of resources, or their distribution.
See Gilles Saint-Paul’s “Whatever it Takes.”