Earthbag homes are exactly what they sound like -- bags filled with earthen materials stacked to make a house. They often look like big beehives when they're completed, but it's possible for them to take other forms as well.
The new name for this is âquantitative tightening,â or QT.â Rickardsâ, a long standing expert in central bank policy, believes that quantitative tightening will be a major factor in monetary policy over the weeks and months going forward.
In the constrained discretion framework, inflation targeting combines two contradicting monetary policiesâa rule-based approach and a discretionary approachâas a precise numerical target is given for inflation in the medium term and a response to economic shocks in the short term.