Nicolas Cachanosky

Economists Are Not Like Doctors

If macroeconomists do not want to take responsibility for crises, then they should refrain from endorsing unstable monetary institutions.

Monetary Policy and Trade Wars

A trade war would not only make the United States less productive. It would also make monetary policy more difficult.

The Macro Bifurcation

Macroeconomic theorists and policy makers have taken different routes in recent years.

On the Delusions of Price Level Stability

The extreme focus on price level stability should have been put to rest by the 2008 financial crisis. But conflicting narratives have enabled it to live on.

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