Stimulus package

[Skip to the end] (email exchange) >    >   Mauer wrote: >    >   My main worry about the efficacy of the fiscal >   stimulus–aside from the international >   spillovers in case it is not supported by equally >   ambitious fiscal plans elsewhere–is this: >   households that face considerable employment >   uncertainty, and hence about their to future >   income prospects, are unlikely to go on a big >   spending spree. Just as banks are hoarding >   cash, households will [...]