Buiter blog
October 19, 2009 at 13:36 PM EDT
[Skip to the end] The economics profession is a disgrace. None of them seem to fathom monetary operations. Fiscal expansions in submerging markets By Willem Buiter This morality tale has important consequences for a government’s ability to conduct effective countercyclical policy. For a fiscal stimulus (current tax cut or public spending increase) to boost demand, it is [...]