Yes, it’s the economy, stupid, but is it demand or supply?

Paul De Grauwe

CEPS Papers from Centre for European Policy Studies

Abstract: Paul De Grauwe writes in this new CEPS Commentary that the recent and surprising conversion of François Hollande to supply-side economics completes the victory of the northern European policy-makers who believe that insufficient aggregate demand should be fought exclusively by supply-side measures. In his view, however, it is not the first time in post-war history that economists and policy-makers apply the wrong medicine; or to put it differently, it's akin to some generals who fight a new war by applying the strategies developed for the previous war.

Pages: 4 pages
Date: 2014-01
New Economics Papers: this item is included in nep-his, nep-hpe and nep-pke
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eps:cepswp:8830

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