tag:blogger.com,1999:blog-8897997766931633186.post2653101943012315636..comments2024-02-14T03:21:37.506-05:00Comments on Monetary Freedom: Woodford on Nominal GPD Level TargetingBill Woolseyhttp://www.blogger.com/profile/06330232724290161369noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8897997766931633186.post-45850646461239929192016-07-13T03:35:26.500-04:002016-07-13T03:35:26.500-04:00We got to be very careful with GPD levels since it...We got to be very careful with GPD levels since it can be risky to go ahead with proper awareness, I always keep myself up to date with situation and trade only through long term, it helps a lot to work with broker like OctaFX since it’s only through them that I get comfort and that’s to do with their mighty bonus which is up to 50% and is use able too, so that’s why I like it ever so much and helps me work nicely.Shraddhanoreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-17795311876038347962014-09-20T03:51:06.695-04:002014-09-20T03:51:06.695-04:00Lots of thoughtful blogging of late.
But I think ...Lots of thoughtful blogging of late.<br /><br />But I think a 4 percent NGDP target is just too low. Monetary asphyxiation time. <br /><br />Maybe 5 or 6 percent NGDP is a good target.<br /><br />As, say, 6 percent, we know we are giving the engine plenty of gas, rewarding risk-taking etc. Yet, there is no threat off "runaway" inflation, as we are at 6 percent NGDP. <br /><br />Unless there is an actual contraction of economic output, the highest rate of inflation would be 6 percent. In a normal time, we might see 3 percent inflation--and btw, the Aussie Reserve Bank targets 2-3 percent inflation, and I think Israel does a 1-3 percent band target. <br /><br />Both those nations seemed to have sidestepped the 2008 recession.<br /><br />Prosperity should be the goal of macroeconomic policy. Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com