Teaching, Writing and Talking About the Global Economy

Tag: monetary policy

The Two-Headed Central Bankista Coin

By Stephanie Kelton Like all good Central Bankistas, Charles Evans (Chicago Fed) and Dennis Lockhart (Atlanta Fed) insist that if the Fed isn’t achieving its stated (employment and inflation) objectives, then it just isn’t doing monetary policy the right way. The flip side of the Central Bankista position is that whenever the macro data are… Read More ›