Friday, 9 December 2011

Sargent and Sims lectures

Tom McDonnell:The Sargent and Sims Noble prize lectures are here.

Tom Sargent poses four topical questions:
1. Should Government default on their debts?
2. Should a central government bail out subordinate states?
3. Should a monetary union precede a fiscal union?
4. Should a fiscal union precede a monetary union?

Meanwhile Chris Sims looks at historical and current statistical modelling of monetary policy and its effects. He suggests only a small part of monetary fluctuations could be attributed to erratic monetary policy.

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