Hanno Lustig on Fiscal Dominance, Inflation, and the Effects of Long-term Interest Rate Decline
Macro Musings with David Beckworth
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Europe and the Ucrane War
Europe is heavily dependent, in terms of its energy supply on russia. After the invasion of ukraine, europe has continued to import gas and oil from Russia. Some argue that this really didn't matter, because the russians couldn't use the foreign currency they earned from the export revenues. But ban mole luis garicano and myself have been trying to argue that that's not a very plausible way to look at the world. i think we have to recognize our responsibility there.
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