Market monetarism

https://arbital.com/p/market_monetarism

by Alexei Andreev Sep 14 2016

Domain for school of macroeconomic thought.


Market monetarism is a school of macroeconomic thought that advocates that central banks target the level of nominal income instead of inflation, unemployment, or other measures of economic activity, including in times of shocks such as the bursting of the real estate bubble in 2006, and in the financial crisis that followed.