@RobinBrooksIIF Precisely. On that very important condition Italy IS just another AE.
France v. UK is instructive. Similar debt to gdp, France has lower yield because it has a chunkier CB behind it, less e.r. volatility and lower inflation expectations, ditto Ger v. Aus.
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,…