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The Relative Efficacy Of Fiscal And Monetary Policy At The Zero Lower Bound: Where Are The Goalposts, Anyway?
[at Seeking Alpha] - Since 1950 and before 2007, the way to bet was that, whatever the current gap between U.S. real GDP and potential output was, the U.S. economy would close 2/5 of that gap over the course of the next year ...
http://us.rd.yahoo.com/finance/exte...d-Where-Are-The-Goalposts-Anyway?source=yahoo
[at Seeking Alpha] - Since 1950 and before 2007, the way to bet was that, whatever the current gap between U.S. real GDP and potential output was, the U.S. economy would close 2/5 of that gap over the course of the next year ...
http://us.rd.yahoo.com/finance/exte...d-Where-Are-The-Goalposts-Anyway?source=yahoo
