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If that was the major cause, then inflation would have been lower in countries like Germany that didn't overstimulate. Instead those countries had higher infla
by bryanlarsen 2y ago
If that was the major cause, then inflation would have been lower in countries like Germany that didn't overstimulate.
Instead those countries had higher inflation.
- JumpCrisscross 2y ago> then inflation would have been lower in countries like Germany that didn't overstimulate Germany massively stimulated to the tune of 15% (fiscal) and 25% (guarantees) of GDP [1]. [1] https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in-Response-to-COVID-19 https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policie...
- bryanlarsen 2y agoThose numbers are significantly smaller than the American numbers, yes? Also, Germany kept their deficit under 3%.
- JumpCrisscross 2y ago> numbers are significantly smaller than the American numbers, yes? 15 and 25% versus 25% and under 3% strike me as in the same ballpark. > Germany kept their deficit under 3% Now. Not in the pandemic [1]. [1] https://www.imf.org/external/datamapper/GGXCNL_NGDP@WEO/DEU https://www.imf.org/external/datamapper/GGXCNL_NGDP@WEO/DEU