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
I just thought it was funny… But yes, the optimal rate is negative, I agree.
Sent from my iPad
I agree it is funny
Fill in your details below or click an icon to log in:
You are commenting using your WordPress.com account. ( Log Out / Change )
You are commenting using your Twitter account. ( Log Out / Change )
You are commenting using your Facebook account. ( Log Out / Change )
You are commenting using your Google+ account. ( Log Out / Change )
Connecting to %s
Notify me of new comments via email.
Notify me of new posts via email.
RSS - Posts
RSS - Comments