What Planet Does EC Vice President Olli Rehn Live on?

Grasping Reality on TypePad, by Brad DeLong

Archives Highlighted Previous Edit COVID Market for Man Slavery 20th C. Reading 'Chicago'

Liveblogging World War II: February 16, 1943

The Full Fiscal Offset Principle (Away from the Zero Lower Bound, That Is): Or, Why One Would Expect the Multiplier to Be Zero Away from the ZLB Weblogging

What Planet Does EC Vice President Olli Rehn Live on?

Screenshot 2 16 13 7 25 AM

You can't make this stuff up. "Of course everyone agreed back in 2009-10 that fiscal multipliers were not negative but were large when interest rates were low and the economy was overleveraged", says Olli Rehn http://ec.europa.eu/commission_2010-2014/rehn/documents/cab20130213_en.pdf:

Screenshot 2 16 13 7 21 AM

February 16, 2013 at 05:26 in #economics, #monetaryeconomics | Permalink | Comments (5)

Comments