@wgoggin @JWMason1 @tomashirstecon @M_C_Klein @DanielaGabor @DavidBeckworth The entire idea of "fiscal space" is a conventional construct. By convention if the debt to gdp ratio goes
@IronEconomist @M_C_Klein @JWMason1 @tomashirstecon @DanielaGabor @DavidBeckworth Which is what I meant when I said "shock to the price LEVEL" … phew. glad we agree on