Eric Lonergan on Helicopter Drops and How to Improve Monetary Policy
Macro Musings with David Beckworth
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The Power of Two Interest Radars
"Teltros are an extraordinary monetary innovation," he says. "If you keep cutting that interest rade and extending the maturity, it becomes dynamite" The central bank has been able to make huge teltros with little effort so far but is now trying aod avoid arbitrageor naked arbiters.
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