Hi Scott, in the past you've advocated something to the effect of nuking the New Keynesian model from orbit. Specifically with respect to Eggertsson and the NIRA, why shouldn't we consider attempts to inflate wages as expansionary if they can credibly boost inflation expectations?
alexhoyer19 karma
Hi Scott, in the past you've advocated something to the effect of nuking the New Keynesian model from orbit. Specifically with respect to Eggertsson and the NIRA, why shouldn't we consider attempts to inflate wages as expansionary if they can credibly boost inflation expectations?
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