The fiscal future I: The hyperbolic case for bigger government and The fiscal future II: Not enough debt? by Paul Krugman published by New York Times. “…As regular readers may have noticed, Brad and I share many views, so…
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The World in Depression (DeLong & Eichengreen)
jun 12, 2012, 5:07 PM 0
New preface to Charles Kindleberger, the world depression 1929-1939 by J. Bradford DeLong and Barry Eichengreen published by VOX. “Charles Kindleberger’s classic book on the Great Depression was originally published 40 years ago. In the preface to a new…
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Fiscal Policy x Depressed Economy (DeLong & Summers)
mar 20, 2012, 4:17 PM 0
Fiscal policy in a depressed economy by J. Bradford DeLong and Lawrence H. Summers. “This paper examines logic and evidence bearing on the efficacy of fiscal policy in severely depressed economies. In normal times central banks offset the effects…
The limits of monetary policy in a liquidity trap by Brad DeLong (03/2012). “In such a setup, the conclusion of Mankiw and Weinzerl that monetary policy has the exclusive role to play is straightforward: One stabilization policy tool-monetary policy-is…