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楼主: 布拉格之春

Japan is different, right? Wrong! Fiscal policy works

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 楼主| 发表于 2017-8-16 08:33:12 | 显示全部楼层
Conclusion

The latest national acccounts data continues to teach us lessons about monetary and fiscal policy.

We learn from the sales tax debacles and the most recent data that:

1. Fiscal policy works in both directions – trying to cut deficits when the economy is below full employment will reduce economic growth (and vice versa).

2. Monetary policy does little to stimulate real spending in a monetary economy and can not offset contractionary movements in fiscal policy. The Bank of Japan has been engaging in more quantitative easing and interest rates remain around zero – but there has so far been very little real GDP impact.

Crowdfunding Request – Economics for a progressive agenda

Only 13 days left and 53 per cent of the target achieved.

I received a request to promote this Crowdfunding effort. I note that I will receive a portion of the funds raised in the form of reimbursement of some travel expenses. I have waived my usual speaking fees and some other expenses to help this group out.

The Crowdfunding Site is for an – Economics for a progressive agenda.
 楼主| 发表于 2017-8-16 08:33:22 | 显示全部楼层
As the site notes:

Professor Bill Mitchell, a leading proponent of Modern Monetary Theory, has agreed to be our speaker at a fringe meeting to be held during Labour Conference Week in Brighton in September 2017.

The meeting is being organised independently by a small group of Labour members whose goal is to start a conversation about reframing our understanding of economics to match a progressive political agenda. Our funds are limited and so we are seeking to raise money to cover the travel and other costs associated with the event. Your donations and support would be really appreciated.

For those interested in joining us the meeting will be held on Monday 25th September between 2 and 5pm and the venue is The Brighthelm Centre, North Road, Brighton, BN1 1YD. All are welcome and you don’t have to be a member of the Labour party to attend.

It will be great to see as many people in Brighton as possible.

Please give generously to ensure the organisers are not out of pocket.
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