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Mr. Hollande the fiscal multiplier is zero if Mario says so
The newly elected French president Hollande’s rallying cry has been “Yes to growth and no to austerity”. While I am certainly is no Keynesian (I my readers know that very well…) and my gut instincts...
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Is Matthew Yglesias now fully converted to Market Monetarism?
The always interesting Matthew Yglesias comments on my point that we should stop talking about national accounting standards. In the process Matt is having a bit of fun with two identities. The...
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The Bundesbank demonstrated the Sumner critique in 1991-92
I have recently written a number of posts (here and here) in which I have been critical about Arthur Laffer’s attempt to argue against fiscal stimulus. As I have stressed in these posts I do not...
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Brad DeLong on the Sumner Critique and why the fiscal multiplier is zero
This is Brad DeLong: An optimizing central bank that cares only about inflation and unemployment because it does not find itself at the zero nominal lower bound and does not fear engaging in...
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Sunday notes – Three working papers and three prediction markets
It is Sunday morning and I really shouldn’t be blogging, but I just have time to share a couple of working papers with you. First on the list yet another great paper from my friend Bob Hetzel at the...
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