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Olivier Blanchard
ojblanchard1
If this increase in demand could be accommodated, it would lead to a level of output at 14% above potential. It would take the unemployment rate very close to
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Let me double down and go through some numbers. I agree that too much is better than too little and we should aim for some overheating. The question is
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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
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Some quick reactions to the new lockdowns in Europe. 1. The degree of uncertainty is much higher than in the first wave. In the first wave, the (incorrect) belief was
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