…region with a downward sloping long run Phillips curve. I am trying to summarize Akerlof, Dickens and Perry 1996 (warning pdf). This would imply that a very low inflation target…

…added tax. Monetary policy at the ZLB isn’t helpless, but it can be overwhelmed by fiscal policy. The assertion that a sufficiently determined monetary authority can target nominal GDP has…

…a Greek surrender, they haven’t conceded the key point. Greece got Europe to concede that it “will, for the 2015 primary surplus target, take the economic circumstances of 2015 into…

…Anything solid that she proposes at this point just becomes a target for the republicans in the clown car, and the media and doesn’t really help her much. Once republicans…

…easy target for those who hate it. Their conclusion is that “society” should raise the taxes of the rich to pay for YOUR retirement. The rich won’t let that happen….

…in the ungodly event that Tehran or its jihadi proxies (Hez’Ballah, Hamas, etc.) target Israel with a nuke, that she retaliate with everything she has at Tehran, Mecca, Medina……not to…

…of their age difference? I doubt it. O’Malley obviously is trying to target Clinton, not Sanders and certainly not Warren (whose policy positions he has adopted), with the “new generation”…

…reserves has to be less than the target Federal Funds rate ? Certainly the Federal Reserve Act doesn’t. The collapse in demand for Fed liabilities depends on that differential which…

…of GDP, above its target. But real GDP, which was expected to drop between 2009 and 2012 by 5.5%, actually declined by 17%. The debt/GDP level, which was supposed to…

…Act that establishes the agency. The EPA was the original target of the Chevron doctrine, and is still the most common, I believe, but obviously the doctrine comes in handy…