Martin Weale: NGDP target is playing with fire

From blogs.independent.co.uk| Wed Jan 30 2013, 14:28:26

Here's the transcript of my interview with Martin Weale of the Bank of England's Monetary Policy Committee. The write-up will be published in The Independent tomorrow morning. Highlights: 1) Warns that NGDP target likely to prove inflationary; emphasises practical problems of implementing 2) Says that QE "certainly not parked" 3) Sees no evidence that fiscal multipliers have been higher [...]

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