Tag Archives: Policy coordination

finews.asia, December 27, 2018. HTML. Independence has increasingly come under pressure and this pressure will remain. What has been tried and tested for years is now questioned again. Increasing demands on central banks reflect the failure of other state organs.

finews.asia, December 27, 2018. HTML. finews.ch, December 27, 2018. HTML. Independence has increasingly come under pressure and this pressure will remain. What has been tried and tested for years is now questioned again. Increasing demands on central banks reflect the failure of other state organs.

Finanz und Wirtschaft, July 20, 2016. PDF. In a perfect world, monetary and fiscal policy are coordinated. In the real world with its political frictions they are not. So much on helicopter money.

A conference at the University of Chicago’s Becker Friedman Institute addressed the status of the Fiscal Theory of the Price Level and the theory’s implications for current policy. Slides and papers are available on the conference website. Given that the conference was meant to resuscitate research on the FTPL and that the participants were selected accordingly, many contributions appear rather mainstream. Chris Sims worries about indeterminacy of the price level if monetary policy is...