Tags: Keynesian multiplier

Dani Rodrik is letting the cat out of the bag

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In the latest posting on his blog, Dani Rodrik is saying things that I have been implying in some of my pieces but have been very reluctant to say explicitly, largely because I don’t like the political implications for international trade. Rodrik’s post, which is titled “Some unpleasant Keynesian arithmetic”, begins by wondering what the …

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