macroeconomics

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Why are interest rates so low (III)*

Some days ago Bernanke published the third piece in the series, where he begins to outline his explanation of why interest rates are so low. Not surprisingly, his first suspect turns out to be "Global…

#bernanke, #economic growth, #macroeconomics, #interest rates, #secular stagnation, #return on capital

The Keynesian Illusion

Why does old-fashioned Keynesianism, despite its empirical and intellectual failure, continue to grip the imagination of so many intelligent people?

#keynes, #Keynesianism, #macroeconomics