Sunday, March 8, 2015

Peter Cooper — Balancing the Budget Over the Cycle

It seems to me that those, including New Keynesians, who support the maintenance of a “balanced budget over the cycle” are either not recognizing or rejecting a number of points made by heterodox Keynesian (or Kaleckian) critics of such a policy approach, including proponents of Modern Monetary Theory (MMT) as well as many other Post Keynesian and Sraffian economists....
heteconomist
Balancing the Budget Over the Cycle
Peter Cooper

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