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Nicolas Cachanosky

Why NGDP targeting?

One of the most important questions in the field of monetary economics is “what should a central bank do?” It is only after this question is answered that one can begin to think about how a central bank should go about achieving its various target rates. The Federal Reserve, like most central banks, is mostly […]

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Robert Hughes

U.S. Consumers Taking Their Confidence on Vacation

The Wall Street Journal recently ran an interesting article on “The Smartest Way to Take a Vacation,” which is especially relevant this summer, as we see Americans increasingly opening their wallets for a warm-weather getaway.

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