Must-Read: David Beckworth: It Takes A Regime Shift to Raise an Economy: “This week we learned that Ben Bernanke does not view NGDP level targeting, price level targeting, or a higher inflation target… …as the best way to deal with the zero lower bound (ZLB) problem…. The second possible direction of change for the monetary … Continue reading Must-Read: David Beckworth: It Takes A Regime Shift to Raise an Economy