Strict monetary and fiscal rules do not work at times of economic shock or drastic structural changes
De facto MMT disequilibrating DSGE ?
Turns out Peter Bofinger is not the only German economist who can see MMT across the sea. There is at least one other. Maybe more to follow? "Say it quietly, but Germany has learnt the lessons of Keynes," argues Thorvaldur Gylfason. Mind you, he is talking fiscal largesse, not ECB money. In the "we are … Continue reading De facto MMT disequilibrating DSGE ?