Minneapolis Fed President and Research Department
My theory about what is happening at Minneapolis is that it is mostly about poor communication and insufficient leadership over a very strong willed group. That led to frictions between Narayana Kocherlakota and the research department. These issues came before his ideological conversion, have nothing to do with saltwater-freshwater, or pronouncements on low interest rates and deflation.
Posted by Mark Thoma on Tuesday, November 26, 2013 at 11:59 AM in Economics, Monetary Policy |
You can follow this conversation by subscribing to the comment feed for this post.