#Fiscal

Cory Doctorow #BLM

doctorow

Since the 2008 crisis, western governments' answer to every economic crash has been to smash the austerity button, dialing down public spending just as the private sector was also slamming

Philipp Heimberger

heimbergecon

The consequences of "output gap nonsense" in applying the fiscal rules will endanger Germany’s recovery from the Corona crisis. @AchimTruger and I provide an analysis of the underlying problems: Thread

Dr. J Robson

JenniferRobson8

I'm nominally on 'staycation' but am actually spending hours building a course site for next term. Just noticed that several folks I think very highly of are reading this (v

Tim Alberta

TimAlberta

Some of these very folks marching in DC today—hoping a strongman executive will subvert the Constitution and trample on states' rights— were marching in DC 10 years ago against federal

Steven Hamilton

SHamiltonian

I strongly disagree with Mankiw’s take here on the PPP. I have pored over all of the available evidence on the PPP. The two best existing studies unquestionably underestimate the

MgS🏳️‍🌈🇨🇦

MgS_2011

So, number of "fiscal conservatives" have appeared squawking about the LPC having doubled or quadrupled the national debt. I have a thought experiment for you to consider. /1 #cdnpoli Let's

Dave

djr8519

Given the uniformity surrounding the reflationary trade next year, its worth exploring which pillars of this thesis are most vulnerable. One area of concern is the recent turn in

In the Public Interest

PubInterest

1. Some state and local leaders (e.g., Connecticut Gov. Lamont) are cutting services amid the worst public health crisis in more than a century.Here's why states and localities must raise

Jason Furman

jasonfurman

In our new paper @LHSummers and I argue that low interest rates present a challenge for monetary policy and financial stability but an opportunity for fiscal policy--if we choose to

Rand Ghayad رند غيّاض

RandGhayad

#CurrencyBoards: 1. A currency board won't save the Lira, contra to what some people are claiming. Government debt is the problem. Simply put, a currency board run by an insolvent

simon wren-lewis

sjwrenlewis

Mixed emotions about the FT mea culpa. https://www.ft.com/content/7b6242c5-8a25-4d98-ba0a-f9d9bd046085 “That consensus can be wrong was on display after the 2008 financial crisis, when many organisations — including this newspaper — a

Erik Öberg

ek_oberg

Paper alert!In a new NBER WP, Tobias Broer, @KrusellPer and I present a simple model to investigate how the interaction of nominal rigidities and household heterogeneity shape fiscal multipliers. https://www.nber.org/papers/w28366 Thre

Derrick Berthelsen

DerrickBerthel1

Thread on current lack of democracy in the EU & how that can be changed Without leaving the EU, how do national voters elect a Government to repatriate decision making

Mohamed Wehliye

WehliyeMohamed

The DSSI (6 months repayment holiday) is just a pain killer. Dawanol. For immediate liquidity needs. It does not address debt sustainability problems. Next step is debt restructuring (a must).

Roberto Perli

R_Perli

1/5 Significant divergence of late between US and German term premiums.Hard not to interpret it as the (at least partial) result of the difference between #ECB easing commitment (pedal to

Lawrence H. Summers

LHSummers

My criticism of the ideal of universal $2,000 checks as COVID response has lit up the Twitter sphere. I thought it important to clarify my argument, here: https://www.bloomberg.com/opinion/articles/2020-12-27/larry-summers-trump-pelosi-2-00

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