Debt
Fiscal theory update
Whew. The penultimate draft of The Fiscal Theory of the Price Level is now done, and in the hands of the cop…
Whew. The penultimate draft of The Fiscal Theory of the Price Level is now done, and in the hands of the cop…
I have been emphasizing the Fed's dilemma: If it raises interest rates, that raises the U.S. debt-service…
This is a talk I gave for IGIER at Bocconi (zoom, sadly) Jan 11 2021. Olivier Blanchard also gave a talk and…
Debt still matters is an essay on debt at the Chicago Booth Review. It is a cleaned up and edited version o…