Tag Archives: twin deficits

(These remarks will be delivered today at the UBS European Conference in London.) Multiplier EffectA Better Way to Think about the “Twin Deficits”L. Randall Wray | November 13, 2018

L. Randall Wray | November 13, 2018 (These remarks will be delivered today at the UBS European Conference in London.) Q: These questions about deficits are usually cast as problems to be solved. You come from a different way of framing the issue, often referred to as MMT, which—at the risk of oversimplifying—says that we worry far too much about debt issuance. Can you help us understand where fears may be misplaced? Wray:...

Twin deficits and causality.The Case for Concerted ActionPaul Krugman, Twin Deficits And CentrismV. Ramanan