FTPL is not dead
Noah Smith (@noahpinion) recently wrote a blog on bloomberg about how our most cherished economic theories have been burried by the economic reality of Japan. One of the economic theories that have failed, according to Noah, is…
August 2017
Do not blame central banks for low productivity
Jeroen Blokland recently posted something on his blog about the causes of lower productivity in advanced economies. He mentioned that the drag on productivity might have been caused by the loose monetary policy of central banks. I…