This paper provides a critique of zero lower bound (ZLB) economics which has become the new orthodoxy for explaining stagnation. ZLB economics is an extension of pre-Keynesian economics which attributes macroeconomic dysfunction to rigidities and market imperfections. The ZLB is the latest rigidity in that pre-Keynesian tradition. The paper argues negative nominal interest rates, even ...
Thomas Palley considers the following as important: Economics, Uncategorized
This could be interesting, too:
Editor writes American wealth redistribution 1989-2016
Lars Pålsson Syll writes Sonnenschein-Mantel-Debreu at fifty
Dean Baker writes Trump’s trade war with China is waged to make the rich richer
Bill Mitchell writes Japan Finance Minister getting paranoid about MMT