Macro Musings with David Beckworth cover image

Macro Lit Review 2: Highlights from Late 2022 with George Selgin

Macro Musings with David Beckworth

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Nominal Income Targeting Is Not the Best Way to Promote It

David Frum: Jerome Powell was interviewed by Pete Gettler at a Cato monetary policy conference. He said nominal income targeting is not the right way to go, and that it would be very difficult for people to understand. Frum says he doesn't see why it should be any harder to explain what inflation targeting is than other types of macroeconomic policies.

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