Otmar Issing, former chief economist for the ECB, argued all of the following EXCEPT

Question

Quizplus · Accepted Answer

Otmar Issing did not argue that models should no longer include money when trying to understand macroeconomic behavior. In fact, he emphasized the importance of paying close attention to money supply growth and the role it plays in determining inflation in the long run. He also acknowledged the need for central banks to sometimes lean against asset bubbles.

Otmar Issing, Former Chief Economist for the ECB, Argued All