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2012-09-13

Det är finanspolitiken, inte räntan, stupid

Fed said it will buy $40 billion of mortgage-backed securities per month in an attempt to foster a nascent recovery in the real estate market.

The purchases will be open-ended, meaning that they will continue until the Fed is satisfied that economic conditions, primarily in unemployment, improve. 

There is no central bank shortcut to the goal of full employment.

If one is really determined to boost demand, production and employment by pumping money into the economy, the clear preference should be for the fiscal pumps.

http://englundmacro.blogspot.se/2012/04/there-is-no-central-bank-shortcut-to.html

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