Economics @ ITT

“How to Create a Depression” by Martin Feldstein

Posted in economics, macroeconomics by ittecon on April 9, 2012

European political leaders may be about to agree to a fiscal plan which, if implemented, could push Europe into a major depression. To understand why, it is useful to compare how European countries responded to downturns in demand before and after they adopted the euro.

“How to Create a Depression” by Martin Feldstein.

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