George Selgin on Average Inflation Targeting and *The Menace of Fiscal QE*
Macro Musings with David Beckworth
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Using Fiscal Cuee to Get Out of a Crisis
The first proposals were for qrasy fiscal c e, where the bank of england is buying securities to get us out of this recession. But once you're talking about that kind of cuee, it's no longer a countercyclical proposal. So i would say corman's proposal really marks the first a clear proposal for strictly fiscal cee. It was a ten year programme, i believe. The point wasn't to argue for using cue to get out of a crisis. It was for directing the purchases a that were taking place to e in certain ways that would help them fund certain programmes.
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