by Summary:
Promising to do “whatever it takes” in order to avert a bad equilibrium is very different from printing money when the problem is a lack of resources, or their distribution. See Gilles Saint-Paul’s “Whatever it Takes.”
Topics:
Dirk Niepelt considers the following as important: Contributions, Monetary Policy, Multiple equilibria, Notes, Resource constraint, Transfer, Transfer union, whatever it takes
This could be interesting, too:
Promising to do “whatever it takes” in order to avert a bad equilibrium is very different from printing money when the problem is a lack of resources, or their distribution. See Gilles Saint-Paul’s “Whatever it Takes.”
Topics:
Dirk Niepelt considers the following as important: Contributions, Monetary Policy, Multiple equilibria, Notes, Resource constraint, Transfer, Transfer union, whatever it takes
This could be interesting, too:
Dirk Niepelt writes “Governments are bigger than ever. They are also more useless”
Dirk Niepelt writes The New Keynesian Model and Reality
Dirk Niepelt writes Urban Roadway in America: Land Value
Joaquimma Anna writes Exploring the Impact of Monetary Policy on Aggregate Supply: A Comprehensive Analysis
Promising to do “whatever it takes” in order to avert a bad equilibrium is very different from printing money when the problem is a lack of resources, or their distribution.
See Gilles Saint-Paul’s “Whatever it Takes.”