Thursday, April 19, 2012
Warren Mosler on Martin Wolf on McCulley-Pozsar
Martin Wolf comments on a paper by Paul McCulley and Zoltan Pozsar, and Warren intersperses comments on Wolf. Warren distinguishes between fixed rate and floating rate regimes to make his points, as well as fiscal policy and exchange rate.
Read it at The Center of the Universe
Fiscal and monetary policy in a liquidity trap
by Warren Mosler