#Fiscal

Trevor Tombe

trevortombe

With yesterday's release of equalization and major transfers, some (incl the premier) are concerned about fairness to Alberta.Here's the data behind the 2021/22 EQ payments. It pays to lower-income provinces,

Ravi Yadav

RaviYadav_39

Nothing much RBI shld do here. Its the fiscal side which can absorb this liquidity much efficiently without causing disruption. This liquidity will reduce on its own, if the deposit

Paul Krugman

paulkrugman

Gag me with a silver spoon. If there's one thing we've learned over the past decade, it is that there are no Republican deficit hawks — only poseurs who claim

Ben Hartung

BenjaminHartung

Kicking off the weekend, let me share a few thoughts on the two-edged sword of the sovereign-bank-corporate nexus. Yesterday, @Isabel_Schnabel gave a speech at an LSE-panel on the old and

Vitor Constâncio

VMRConstancio

As a package of measures had been promised, markets were able to anticipate the ECB´s decisions ± correctly. The longer horizon for the TLTROs was perhaps a bit of a

Jens Nordvig

jnordvig

This was probably the key point i made to @tomkeene and @flacqua on @BloombergTV this morning. This QE is different from the QE in 2009.... In 2009, the QE, in

Adam Ozimek

ModeledBehavior

Quick thread on the why and how of fiscal stimulus given the state of the economy. First it's important to understand the size of the damage. We have *still* lost

Ahmed Jamal Pirzada

ajpirzada

(Comment: 1/6) Deficits r not always bad but can be catastrophic if markets lose faith in ur repayment capacity. Unlike India & Bangladesh, growth episodes in #Pakistan (2004-08 & 2015-18)

Mike Konczal

rortybomb

Politics aside, I'm not tracking Toomey's economics or the line he's drawing between monetary, credit, and fiscal at ZLB.Democrats expanding eligibility for these programs doesn't change their underlying economics; the

Tomas Hirst

tomashirstecon

Something I wonder about post-financial crisis policy framework in most DMs: Has New Keynesian consensus on monetary policy primacy been eroded by experience of the past decade or is it

John Hayward

Doc_0

And yet he's losing advertisers under intense political pressure, because in these totalitarian times, some corporations are more concerned with political correctness than making money or increasing value for their

Olivier Blanchard

ojblanchard1

1. Twitter is great in allowing you to get your thoughts out quickly. Sometimes too quickly. You have second thoughts. The world changes. I want to take three covid

Joseph Gagnon

GagnonMacro

My colleague Olivier Blanchard lays out the case for concern about the Biden stimulus package. https://www.piie.com/blogs/realtime-economic-issues-watch/defense-concerns-over-19-trillion-relief-plan via @PIIE Let's walk thru the numbers

Gabe Tobias

ghgtobias

Cannot wrap my mind around the last 24 hrs in American history. So instead here's a thread on NYC fiscal projections & their political implications. Everyone does self-care differently ;)https://ibo.nyc.ny.us/iboreports/hard-times-a

Gauti Eggertsson

GautiEggertsson

The more I look at the numbers behind the 1.9 trillion Biden fiscal plan, the less I am concerned about the risk of "overheating" 1/n The key observation is that

Dilip Mandal

Profdilipmandal

6 Chatur (intelligent) Brahmins are running Finance Ministry. Minister - Nirmala SitharamanEconomic Adviser- K. Subramanian Finance Sec. - A. B. PandeyRevenue Sec. - T.V. Somnathan RBI Director- S. GurumurthyED chief

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