3 ms·
4 years too late, but whatever. If your goal is full employment, the interest rate to get full employment is less than zero, and the political will for stimulu
by greesil 14y ago
4 years too late, but whatever. If your goal is full employment, the interest rate to get full employment is less than zero, and the political will for stimulus spending does not exist, you can use inflation to set a nominal real interest rate to get full employment.