3 Responses to mission impossible?

1. On your Marx says:

   August 30, 2011 at 15:28

   yes it is impossible for Bernanke to engineer a recovery.
   On a forward looking Taylor rule interest rates need to be negative by a large amount.
   This obviously cannot happen.

   what is needed is a fiscal stimulus

   Reply
   • Ricardo says:

     August 30, 2011 at 17:22

     I just thought it was funny… But yes, the optimal rate is negative, I agree.

     Sent from my iPad

     Reply
2. On your Marx says:

   August 30, 2011 at 17:56

   I agree it is funny

   Reply

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