Goldman's Jan Hatzius on the three sector model of sectoral balances and a transcript of an interview with Hatzius.
Jan Hatzius may turn out to be the pivot point in the recognition of Godley's contribution and the spread of his ideas beyond the Post Keynesian cohort of economists that have been using this approach for some time but have not been able to crack the mainstream economics profession with it.
Hatzius is not the only well-known Wall Street insider to use the Godley sectoral balances approach to good effect. There is also Paul McCulley, formerly chief economist at Pimco. McCulley also endorsed MMT.
Business Insider
Goldman’s top economist explains his big call for the U.S. economy
Joe Weisenthal
Business Insider
Goldman’s top economist explains his big call for the U.S. economy
Joe Weisenthal
(h/t Peter Martin at Modern Monetary Theory: Real Economics)
2 comments:
That article is from 2012!
While the outlook may be dated, Hatzius's use (and endorsement) of the three sector model is still very much relevant, which is why I posted it.
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