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Brad Setser
Brad_Setser
Competitiveness of many inside the EA would improve if the Dutch engaged in a bit less tax competition.https://twitter.com/pbergsen/status/1248236684128509952 I know that the Dutch (and a few others) will defend the
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Geoff Kabaservice
RuleandRuin
1. It was recently announced that US debt would exceed 100% of GDP and that the 25 ppt surge in debt was the largest annual leap since the 1790s. This
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Brian Romanchuk
RomanchukBrian
@StevenHailAus already discussed this.*Most* of the article is lightweight “debt is bad, boo” that falls under the Fiscal Folk Theorem. As such, added value is nil.However, there was one bit
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Vitor Constâncio
VMRConstancio
Replying @dandolfa @farmerrf . I misinterpreted that FTPL was the underlying reason for your statement that in the long term inflation is always fiscal. The Sargent-Wallace paper implies that but
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Dave
djr8519
Brief thread on the implications of the U.S. fiscal impasse and the dollar.Markets are probably underestimating the scale of the fiscal tightening taking place in the U.S. Since the expiration
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Tim Pitt
TimPitt11
Given speculation since the summer of the Tories looking at radical tax cuts - HRT to 80k; IHT abolition; slashing corp tax; abolishing stamp duty to £500k - final tax
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🏴🇬🇧Edward Thomas Black
edglasgow59
1/The UKA Nation of Equals?The Scots, Welsh and N Irish Nationalists constantly complain that the UK isn’t a Nation of EqualsThat’s actually very hard to be when England makes up
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Sahil Bloom
SahilBloom
Fiscal Policy 101In the wake of the COVID-19 economic crisis, you have undoubtedly heard the term "fiscal policy" thrown around a lot.But what is fiscal policy and how does it
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Luis Pedro Coelho wants us to #GetToZero
luispedrocoelho
Another unanswerable question is whether Western countries would not have fared significantly better if they had gone into covid with balanced budgets and little-to-no public debt If you have a
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AM Commons
AAMCommons
Fair warning, rant incoming... in light of the narratives we’re hearing from the job creators. Bear with me while I try to work this out. My whole life I’ve been
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Sanjeev Sanyal
sanjeevsanyal
There has been debate about the recent decision to freeze DA for government employees. It should be clear that this is a temporary measure till July 2021. These are exceptional
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Jeff Sleasman 🔰
jeffsleasman
4 of the top 5 cities with immediate negative fiscal impacts from COVID-19 are in Ohio. A fifth is also in the top 15. We rely too much on sales
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LST
LongShortTrader
There are fair criticisms about the extraordinary and emergency fiscal + monetary actions... but to say or suggest they are doing nothing for the masses (or as this fellow puts
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Adam Ozimek
ModeledBehavior
Jobs day tweet storm, here we go: The labor market recovery continues to slow, with payrolls growing a disappointing 661,000 in September. The pandemic is not over, and a slowdown
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AD
elasticretreat
Of the three tangible risks I think the market (will) care(s) about —1/ Fed punch bowl 2/ Fiscal own goal3/ Biden (+sweep) implications___Only 2 and 3 are probable and it
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Jeremie Cohen-Setton
cohensetton
Short thread: plumbing matters, US edition:1) with CARES Act, unemployment benefits should provide about $80-90bn per month in income support2) preliminary data suggest that only $45bn was distributed in April3)
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