News: 2013-11-18

Economics
Actually, Economists Can Predict Financial Crises - Bloomberg
 
Monetary Policy
The implications of secular stagnation | Gavyn Davies
Maybe monetary policy ISN'T the right way to counteract this phenomenon? Is it just me or does that point stand out?
"If the secular stagnationists are right, there will still be a shortage of demand when the future comes around, so there will be a need for ever-greater injections of monetary stimulus (presumably through quantitative easing) in order to avoid an ever-worsening recession."
Summers on bubbles and secular stagnation forever | FT Alphaville
Secular Stagnation, Coalmines, Bubbles, and Larry Summers - NYTimes.com
"Summers's answer is that we may be an economy that needs bubbles just to achieve something near full employment - th...


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