2020 is a remarkable test that way:
US bigger fiscal response -> better GDP
But terrible labour market institutions and unemployment insurance system -> labour market and social crisis -> puts huge pressure on political system to react.
A @RaghuramRRajan theme. twitter.com/benbawan/statu…
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…