Sometime in the next 24 hours we will be switching European Tribune over to a new layout. This will involve a little downtime and no doubt some teething troubles. Do not adjust your set. - Colman

So when up against the zero bound, the central bank needs to borrow directly to the state in order to further lower real interest rates?

Wean the banks of their government subsidies and force them to find private projects to finance!

(Then of course there is the option of having stimulus spending through the treasury.)

A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!

by A swedish kind of death on Sun Jan 13th, 2013 at 02:53:39 PM EST
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