“Conventional and Unconventional Monetary Policy with Endogenous Collateral Constraints” (gulp)

That’s the title of a new paper by Michael Woodford of Columbia.  Woodford has been one of the more important economic voices regarding the use of QE during the crisis. The always smart David Andolfatto has a nice interview with Woodford discussing the paper and his thoughts.  Here’s a basic summary: It’s not a paper […]