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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (852799)4/28/2015 7:08:27 PM
From: tejek  Read Replies (4) | Respond to of 1575767
 
Fiscal Multipliers – How big or small?

Complicating something unnecessarily.



To: TimF who wrote (852799)4/30/2015 3:34:10 PM
From: TimF  Respond to of 1575767
 
Intro textbooks often oversimplify macro at the beginning, saying things like more G increases GDP via a “multiplier,” even though the author knows that that relation assumes a fixed interest rate, not a 2% inflation target. And no crowding out. And no Ricardian equivalence.
themoneyillusion.com


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