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Dirk Niepelt

Whatever it Takes, Again?

Promising to do “whatever it takes” in order to avert a bad equilibrium is very different from printing money when the problem is a lack of resources, or their distribution.

See Gilles Saint-Paul’s “Whatever it Takes.”

This entry was posted in Contributions, Notes and tagged Monetary policy, Multiple equilibria, Resource constraint, Transfer, Transfer union, Whatever it takes on April 16, 2020 by Dirk Niepelt.

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