I just watched a video posted on Professor MAnkiw's blog. This distinguished labor economist addresses his failed nomination to the Federal Reserve and the need for both monetary and fiscal stimulus for recovery in today's economy.
This is a must view for all students of macroeconomics and all citizens concerned with unemployment.
Thursday, September 29, 2011
Peter Diamond on fiscal stimulus
Labels:
fiscal policy,
macroeconomics,
monetary policy,
stimulus,
unemployment
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