« Why not full employment? | Main | Hillsborough: the class context »

April 26, 2016


Luis Enrique

Is Richard right the OBR assumed negative multipliers, G down Y up? I'd be surprised


No, he's not. They assumed lowish multipliers, consistent with the IMF's assumption of a 0.5 one. My point is simply that this was an under-estimate; it's in this sense that I agree with Richard


Against the concept of fiscal multipliers:


The comments to this entry are closed.

blogs I like

Blog powered by Typepad