3 items | 5 visits
This list is for articles we all find for Intermediate Macro.
Updated on Apr 28, 15
Created on Jan 14, 13
Category: Schools & Education
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Economists debate the proximate factors that created income inequality.
"Consider, in particular, the alleged dangers of debt and deficits. Here in America, we are constantly warned that we must slash spending now now now or we’ll turn into Greece, Greece I tell you. But Greece, a country without a currency, doesn’t look much like the United States; surely Japan offers a more relevant model. And while doomsayers keep predicting a fiscal crisis in Japan, hyping each uptick in interest rates as a sign of the imminent apocalypse, it keeps not happening: Japan’s government can still borrow long term at a rate of less than 1 percent.
Enter Mr. Abe, who has been pressuring the Bank of Japan into seeking higher inflation — in effect, helping to inflate away part of the government’s debt — and has also just announced a large new program of fiscal stimulus. How have the market gods responded? The answer is, it’s all good." From NY Times OpEd
3 items | 5 visits
This list is for articles we all find for Intermediate Macro.
Updated on Apr 28, 15
Created on Jan 14, 13
Category: Schools & Education
URL: