Why Include Population Growth in Fiscal Policy?

Hey everyone, the comments section was excellent from the last post. So much there I can’t even come close to responding to everything. Here was a good question about population growth from Noam, and it’s inclusion in the TC rule. “I don’t understand including population growth. Say a nation has 10% population growth. Should it […]

The TC Rule for Fiscal Policy Screams “Lower Taxes and More Spending!”

There has been a bit of noise around the blogs about fiscal rules. Nick Rowe says we should use fiscal policy, even though he means we should have the CB buy stocks or something like that. Matt Yglesias says we should flat out use fiscal policy. Atrios is getting in on the idea too. A […]