The return of Keynesianism, Sandbu about Yellen speech
- Its modest focus — it is titled “Macroeconomic research after the crisis” — is deceptive.
Beyond useful research recommendations, Yellen’s words carry more profound implications,
including an admission of the extent to which central bankers are navigating in the dark,
and a return to much more aggressive policies for demand management than modern macroeconomic theory had until recently admitted.
Read more here
Beyond useful research recommendations, Yellen’s words carry more profound implications,
including an admission of the extent to which central bankers are navigating in the dark,
and a return to much more aggressive policies for demand management than modern macroeconomic theory had until recently admitted.
Read more here
Kommentarer