Must-Read: Simon Wren-Lewis: A Self-Fulfilling Expectations-Led Recession?: “I acknowledge that macro rightly got a lot of stick by largely ignoring the role of finance… …but I also point out that the poor recovery has involved a vindication of the core macro model: austerity is a bad idea at the ZLB, QE was not inflationary and … Continue reading Must-Read: Simon Wren-Lewis: A Self-Fulfilling Expectations-Led Recession?