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www.soberlook.com
| | conversableeconomist.blogspot.com
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| | Central banks all over the world took dramatic actions during the Great Recession and its aftermath. For example, the US Federal Reserve too...
| | libertystreeteconomics.newyorkfed.org
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| | Starting in early 2018, the U.S. government imposed tariffs on over $300 billion of U.S. imports from China, increasing the average tariff rate from 2.7 percent to 17.5 percent. Much of the escalation in tariffs occurred in the second and third quarters of 2019. In response, the Chinese government retaliated, increasing the average tariff applied on U.S. exports from 5.7 percent to 20.4 percent. Our new study finds that the trade war reduced U.S. investment growth by 0.3 percentage points by the end of 2...
| | soberlook.com
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| | It was all going well when Draghi started speaking. Yes the ECB is "working" on a bond buying program. Until this comment came out: B...
| | bytepawn.com
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| I explore several points that are rarely explained in Modern Monetary Theory narratives: from taxation in non-tax economies to central bank independence, inflation targets, and the many forms of money that exist beyond government spending. These are areas where the story of MMT could be told more completely.