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For automatic stabilizers

Chris Dillow / August 16, 2018 at 12:44 PM 80 views

Simon has a good discussion on whether fiscal or monetary policy is better at stabilizing output. I’d suggest, though, that neither is in practice particularly good and that what we need instead are stronger automatic stabilizers. I say so for…

Over- and Under-reactions in politics

Chris Dillow / August 14, 2018 at 12:29 PM 100 views

You will all have had experience of somebody flying off the handle on the slightest provocation – brushing against them in a crowded pub, or pulling out in front of them in traffic. I suspect this everyday behaviour helps us…