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 […]

Currency boards and dollarization

Sometimes sound money has to be imported from abroad. Some countries, like Ecuador, are dollarized. Ecuador dollarized its economy in the year 2000. Others countries don’t go that far, but […]

ArgentinaDollarization

Understanding the Greek crisis

As I write these lines, it is almost certain that Greece will default on its debt today, June 30. What led to such a disastrous situation? To understand, we must […]

Why free-banking?

The need for and convenience of a central bank are usually taken for granted. To say that a central bank is a good institution and, therefore, needed, is not enough. […]

Shock or gradualism?

Big economic crises or situations of economic distress usually put pressure on policy makers to embark upon economic reforms. If the situation is troubled enough, then whether the reforms should […]

questions

Should central banks target NGDP?

That was the topic of a conference organized by the Center for Free Enterprise at West Virginia University that took place on Saturday, April 25. The conference was divided in […]

The great stagnation

Ben Bernanke, now at Brookings Institute, has a new blog where he has been discussing low interest rates and the problem of secular stagnation. Great stagnation occurs when there are […]

Sound money abroad: the Ecuadorian case

Sometimes sound money can be found abroad. Some countries, simply put, cannot or do not want to have reliable monetary institutions. Take the example of Argentina.Since the foundation of the […]