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5 connected korrents · 3 moments on record from 11 Feb 2019 to 6 Nov 2023.

Same subjectSame subjectSame subjectSame subjectSame subject The main obstacle to soundfiscal policy debate is awidespread, quasi-religious… OB Olivier Blanchard — holds since 2022-06-01 During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity. During post-2008 fiscalconsolidation, the… OB Olivier Blanchard — holds since 2022-06-01 The lower a country's neutral interest rate, the smaller the fiscal and welfare costs of public debt and the larger its welfare benefits. The lower a country'sneutral interest rate… OB Olivier Blanchard — holds since 2022-06-01 When safe interest rates are expected to remain below growth rates for a long time, rolling over public debt without later tax increases is feasible and public debt may carry no fiscal cost. When safe interestrates are expected to… OB Olivier Blanchard — holds since 2019-02-11 OB Olivier Blanchard — turned since 2023-11-06 Public investment cannot be assumed to be automatically financeable by debt merely because it has high social returns. Public investmentcannot be assumed to be… OB Olivier Blanchard — holds since 2022-06-01 Quantitative rules are not a reliable tool for ensuring government debt sustainability. Quantitative rules arenot a reliable tool for… OB Olivier Blanchard — holds since 2022-06-01
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