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What strongly suboptimal fiscal policy means for the inflation target and monetary policy

Brad DeLong, professor of economics | August 8, 2015

Over at Equitable Growth: Jared Bernstein: Optimal Fiscal Policy: “I testified in the House Budget Committee this AM… …[with Ryan Silvey from Missouri, John B. Taylor from Stanford, and Chris Edwards from Cato], and have many excellent war stories to share. But no time to do so now… Well! Jared, where are the war stories? We … Continue reading »

Is “secular stagnation” a monetary-financial problem or a fundamental technological problem?

Brad DeLong, professor of economics |

Over at Equitable Growth: On about four of the seven days in a week, my view is that the problems lumped under the heading of “secular stagnation” are primarily monetary-financial problems. Now comes Barry Eichengreen to review the case that these problems are at their root instead of also technological-fundamental. And I must say he … Continue reading »