Thursday, July 18, 2013

Jeff Frankel also thinks government is dragging down the economy

He is very clear in this interview that sequestration is one of the causes of the slowdown to 1.8% in the first quarter. Menzie Chinn also looks at the forecasts, which indicate 0.6% growth in the second quarter, and argues that this is: "no time for either contractionary fiscal or monetary policy."

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Heterodox Central Banking in the Periphery

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