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Tuesday, May 16, 2017

What does Greece tell us about the AS/AD model?

I am going to criticize a recent Tyler Cowen post on Greece. But before doing so, let me explain where I think we agree. 1. Fiscal policy doesn't explain very much of the business cycle. 2. Greece's problems go far beyond deficient aggregate demand; indeed ...


READ THE ORIGINAL POST AT econlog.econlib.org