tag:blogger.com,1999:blog-5713178645208582139.post5671770374775251890..comments2024-03-17T03:26:42.785-05:00Comments on Macro Musings Blog: Germany Stiffs the ECBDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5713178645208582139.post-20025591750425673122012-04-09T23:48:27.581-05:002012-04-09T23:48:27.581-05:00IMHO, RebelEconomist is right here. Assuming that...IMHO, RebelEconomist is right here. Assuming that the ECB sets monetary policy to target overall Eurozone inflation (or NGDP), contractionary policy in Germany will have expansionary effects in peripheral countries.<br /><br />Yes, some folks state that fiscal expansion in Germany would help other countries through the exports channel, by boosting overall AD in the Eurozone; however, they'reAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-72701907683324090052012-03-31T15:26:54.637-05:002012-03-31T15:26:54.637-05:00That's completely right. Piigs are on the verg...That's completely right. Piigs are on the verge of collapse (not only economic). in EZ fiscal & (or) monetary policy is impossible. InSpain, banks are broken, but fiscal consolidation make impossible both to save banks and economic growth. Probably unemployment rate will be 26% at the end of 2012, thanks to the policy dictated from Bruxelles (Germany).www.MiguelNavascues.comhttps://www.blogger.com/profile/00880006105532291958noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-44903238412189152992012-03-31T00:13:07.179-05:002012-03-31T00:13:07.179-05:00Great posts of late.
I have often wondered how a ...Great posts of late.<br /><br />I have often wondered how a "one size fits all" monetary policy can apply to all of Europe. <br /><br />For example, in the last two years Greece should have 1) gotten its fiscal house into order and 2) printed a lot of money. <br /><br />It appears it will be able to do neither. <br /><br />How about a Global Central Bank? And what should be the Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-44934441087612765282012-03-30T16:04:59.415-05:002012-03-30T16:04:59.415-05:00Amazing! In previous posts, David, you have blame...Amazing! In previous posts, David, you have blamed the boom in the periphery on ECB monetary policy that you claim was made to suit Germany, but now that ECB policy apparently does not suit Germany and the Germans do something about it, demonstrating that there is in fact plenty of scope to tackle national booms independently of ECB policy, you criticise the Germans for that. Do you have a RebelEconomisthttps://www.blogger.com/profile/13241098878248190971noreply@blogger.com