#hetecon — Public Fediverse posts

Some remarks on the Government of Pakistan's inability to issue the rupee at will.

tldr: it's a problem the same way fully outsourcing legislation to a political consulting firm owned by the government would be a problem.

I provide links where I can, but I think WordPress has recently been acting glitchy so links don't appear underlined sometimes.

#centralbanking #Pakistan #hetecon #politicaleconomy @heterodoxecon
https://daniyalkhan.net/2023/01/01/the-government-of-pakistan-cant-issue-the-rupee-at-will-this-is-a-problem/

My new blogpost for the Monetary Policy Institute in which I analyze a change in the State Bank of Pakistan legislation in light of the broader political economy and intellectual environment.

Thanks to Prof. LP Rochon for encouragement and editorial guidance. I benefited greatly from conversations with Aqdas Afzal, Izza Aftab, and Fahd Ali. The #Pakistan #hetecon community is invaluable, no matter how small it may be.

@heterodoxecon #politicaleconomy #centralbanking

https://medium.com/@monetarypolicyinstitute/sifting-through-pandoras-pakistani-policy-casket-cc960e0784d8

My new blogpost for the Monetary Policy Institute in which I analyze a change in the State Bank of Pakistan legislation in light of the broader political economy and intellectual environment.

Thanks to Prof. LP Rochon for encouragement and editorial guidance. I benefited greatly from conversations with Aqdas Afzal, Izza Aftab, and Fahd Ali. The #Pakistan #hetecon community is invaluable, no matter how small it may be.

@heterodoxecon #politicaleconomy #central banking

https://medium.com/@monetarypolicyinstitute/sifting-through-pandoras-pakistani-policy-casket-cc960e0784d8

Now that we're talking about inflation again following the interest rate hike by the State Bank of Pakistan, I'm sharing once again my suggestion to reconsider how we talk about inflation and to scratch beneath the surface of the language in use:

#hetecon #politicaleconomy #pakistan @heterodoxecon

https://www.thenews.com.pk/print/981829-how-to-talk-about-inflation

And should be understood in line with this:

“In fact, post-Keynesians argue that if full employment were reached, innovations will likely push back the natural frontier...” - Marc Lavoie: Intro to PK

#postkeynesian #hetecon #employment #ppf

and that largely addresses humanistic economics & social economic ideology from Sismondi to Lutz to #leftmmt #mmt #hetecon #postkeynesian

Economics for the Common Good #socialeconomics

Did you know we always used price controls to fight inflation?

The involuntary unemployed at a floor wage of $0 as one example.
The discount rate at a central bank as a ceiling for the ‘price’ of money as another.

Price controls are implicit in the economy, as are buffer stocks

#mmt #postkeynesian #hetecon

Looks like I should add #hetecon too