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Sunday, July 18, 2010

"More Stimulus Despair"

About to hit the road for a long travel day, so don't have time to do anything except point to the latest debate on fiscal policy: Tyler Cowen says the US could learn some things about fiscal policy from Germany, see here for his summary. But as Paul Krugman points out, it's not clear what there is to learn since key conditions for fiscal policy effectiveness such as high unemployment and interest rates at the zero bound are not present in one of the key examples from Germany given in the column.

    Posted by on Sunday, July 18, 2010 at 09:19 AM in Economics, Fiscal Policy | Permalink  Comments (33)


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