The thoughts of an economics instructor, husband, father, and world traveler.
Monday, September 26, 2011
Optimal monetary policy
If you only read one paper about monetary policy, make it this one. This should be put on every politician and presidential candidate's desk (or stapled to their forehead). If my students could just nail down the knowledge in this one paper, they will be equipped to be much better citizens. They would have a proper benchmark for measuring whether we're getting optimal monetary policy or not.