San Diego Housing Market News and Analysis
IMF admits disaster in Austerity orders
User Forum Topic
Submitted by patb on January 6, 2013 - 3:15pm
Blanchard and Leigh deduced that IMF forecasters have been using a uniform multiplier of 0.5, when in fact the circumstances of the European economy made the multiplier as much as 1.5, meaning that a $1 government spending cut would cost $1.50 in lost output.
the IMF knew this, they just sell the idea to force down asset prices to go in
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