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The question is why? To answer, FS rely on a textbook-standard theory of interest rates, known as the “loanable funds” theory….No surprise. Jason Furman and Larry Summers are New Keynesians. NK economist Paul Krugman holds a loanable funds theory, too.INETReconsideration of Fiscal Policy: A CommentJames K. Galbraith | Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at the Lyndon B. Johnson School of Public Affairs, The University of Texas at AustinRelatedThe Debt Ratio and Sustainable Macroeconomic PolicyScott T. Fullwiler | Assistant Professor of Economics, University of Missouri - Kansas City
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The question is why? To answer, FS rely on a textbook-standard theory of interest rates, known as the “loanable funds” theory….No surprise. Jason Furman and Larry Summers are New Keynesians. NK economist Paul Krugman holds a loanable funds theory, too.INETReconsideration of Fiscal Policy: A CommentJames K. Galbraith | Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at the Lyndon B. Johnson School of Public Affairs, The University of Texas at AustinRelatedThe Debt Ratio and Sustainable Macroeconomic PolicyScott T. Fullwiler | Assistant Professor of Economics, University of Missouri - Kansas City
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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The question is why? To answer, FS rely on a textbook-standard theory of interest rates, known as the “loanable funds” theory….
No surprise. Jason Furman and Larry Summers are New Keynesians. NK economist Paul Krugman holds a loanable funds theory, too.
INET
James K. Galbraith | Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at the Lyndon B. Johnson School of Public Affairs, The University of Texas at Austin
Related
Scott T. Fullwiler | Assistant Professor of Economics, University of Missouri - Kansas City