Lawrence H. Summers @LHSummers Coming into Jackson Hole, economists are grappling with a major issue: Can central banking as we know it be the primary tool of macroeconomic stabilization in the industrial world over the next decade? In my forthcoming paper w/ @annastansbury, we argue that this is in doubt. 1/ 2019-08-22 19:51:43 Lawrence H. Summers @LHSummers There is little room for interest rate
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