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Good podcast. Wanted to make a comment on the MMTish question- our forthcoming report on monetary policy recommends a permanent zero interest rate policy but doesn't recommend "abandoning" monetary policy. As discussed in the interview itself, financial regulation is a part of MP
I don't see a good case for discretionary interest rate policy when discretionary direct credit regulation is available. As the interview discusses, these tools are more targetable to the sectors that need to be slowed down. There are also good political economy benefits.
Also, as @mucha_carlos repeatedly points out,if you feel the need to implement some price tool, you can simply implement a monthly tax on loans which the central bank discretionarily varies. (interestingly, this reverses the IR-remittances relation)
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