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Nick Rowe
MacRoweNick
The second bit IMO is wrong (OLG).And the first bit is the wrong question to ask.It is better to ask instead: "How should we organise public finance so we do
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This (the Keynesian Cross model, in which Y adjusts so that desired S = exogenous I) *used* to be the 1st lesson in Macro. It was *my* 1st lesson in
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