Must-Reads: August 1, 2016
- Paul Krugman (2013): Helicopters Don’t Help:
- Willem Buiter: EU and China Ought to Use Helicopter Money
- [Nick Bunker: How Many Big Macs will That Minimum Wage Buy?
- Eric Lonergan: Helicopter Money Is Different
- Eric Lonergan: A Brief Reply to Paul Krugman on Policy Equivalence: “Helicopter money is partly useful precisely because it addresses the institutional failure of fiscal policy…”
Should Reads:
- Alan Blinder (2000): Monetary Policy at the Zero Lower Bound: Balancing the Risks
- (2000): Journal of Money, Credit and Banking: Monetary Policy in a Low-Inflation Environment
- Links for the Week of July 31, 2016
- Monday DeLong Self-Smackdown: DeLong (2000) Sees the Trees, But Overlooks the Forest as Far as the Macroeconomic Dangers of Low Inflation Are Concerned…
- America’s Historical Experience with Low Inflation: Hoisted from 1999