Is Fiscal The New Monetary? — Nicola Mai, Peder Beck-Friis

Summary:
Curiously, no mention of MMT. But useful for the analysis showing that monetary policy is not cutting it and that fiscal policy will inevitably gain in prominence. It is now pretty widely recognized that the period of monetarism spearheaded by Milton Friedman (and the Chicago School) as the "successor" of John Maynard Keynes as international policy guru is over. The question now is, who will the new gurus be? Will the pendulum swing back to Cambridge and Wynn Godley?FA — Financial AdvisorIs Fiscal The New Monetary? Nicola Mai, portfolio manager and a sovereign credit analyst and Peder Beck-Friis is a portfolio manager, both at PIMCO

Topics:
Mike Norman considers the following as important: fiscal policy, Monetary Policy

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