Пол Кругман прочтет серию лекций на этой неделе под общим названием “Возвращение экономики депрессии”. Их можно будет посмотреть здесь. А ссылку на слайды он разместил у себя на блоге.
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Пол Кругман прочтет серию лекций на этой неделе под общим названием “Возвращение экономики депрессии”. Их можно будет посмотреть здесь. А ссылку на слайды он разместил у себя на блоге.
Рубрика: Анау - мынау
http://www.economist.com/finance/displaystory.cfm?story_id=13832580
As for the economy, the road back to health will be long and painful. The big lesson from past bubbles is that recovery is export-led, which is not helpful “unless we can find another planet to export to”. Otherwise, recovery will have to wait for savings to be rebuilt, and that will not happen quickly. Higher inflation than before the crisis might help, he said.
http://www.riskwatchdog.com/2009/06/11/a-return-to-logic-a-critique-of-the-krugman-lecture-series/
If the government doesn’t come to the aid of the UK economy, it will keep contracting indefinitely. Not only that, but am I partially responsible for this through my new-found willingness to save? If I, and the rest of the country, continue along this path of prudence, the UK economy will keep contracting in ever-decreasing circles until there is nothing left. This is, of course, because of the ‘Paradox of Thrift’. You see, according to Paul Krugman, saving actually makes you poorer at times of deflation when banks won’t lend and nobody wants to invest all these additional savings. Like all dangerous arguments, Krugman’s argument contains elements of plausibility. That a rise in saving leads to reduced spending, which leads to reduced output, which in the end leads to reduced saving, seems to make sense.
Unfortunately for our policymakers, it is utter nonsense.