Wednesday, June 6, 2012

hbl — Cutting Interest Rates to Boost the Economy: A Fallacy of Composition just like the False Notion of Cutting Wages to Create Jobs?


hbl thinks though monetary policy in terms of a plausible transmission mechanism, i.e., not "expectations."

Read it at Thought Offerings — on macroeconomics, markets, MMT, and more
Cutting Interest Rates to Boost the Economy: A Fallacy of Composition just like the False Notion of Cutting Wages to Create Jobs?
by hbl

No comments: