Eric Leeper on the Interactions of Fiscal and Monetary Policy
Macro Musings with David Beckworth
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Is It a Good Idea to Lower Real Interest Rates?
Long term real interest rates has been downward, and for reasons that i think are well beyond any central banks control. Effectively, it its raising the primary surplus path, which is deflationary in the present here. Until old farks like me die, i have lots to savei right, right.
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