Paul Romer's Views on Macroeconomic Policy
Questions:
Read Paul M. Romer's
article entitled: "Beyond Classical and Keynesian Macroeconomic Policy."
- Explain Romer's analogy between monetary policy and blood doping.
- Explain Romer's analogy between fiscal policy and a taper.
- What does Romer suggest as the appropriate role for governmental economic policy? Explain.
