Ben, Please Drop the Employment Trigger

The forward guidance policy announced last fall was widely seen as a partial victory for the NGDP targeting approach: It combined inflation with a variable closely linked to RGDP growth. It made policy conditional on the state of the economy. The basic idea was that the Fed promised they would not raise rates AT LEAST [...] View the full post at: Ben, Please Drop the Employment Trigger Related posts: Output, Employment and Productivity During the Crisis Fed on Employment: Well, Forget the Heavy Equipment The New Employment Numbers: Things are Worsening More Slowly