macroeconomic policy

Bubbles regulation and Stagnation

Bubbles, Regulation, and Secular Stagnation

MADRID | By Paul Krugman at Luis Arroyo’s Ilusión Monetaria | Looking at current macroeconomic policy, the obvious question is, stupid or evil? And the obvious answer is, why do we have to choose? But it is, I think worthwhile – or at any rate soothing – to think about the longer-term future for monetary and fiscal policy.