Today's 2nd Buggy Topic Continues the Mini-Series on Tax Cuts and Our Recession
What's more, this 2nd installment deals with the same source --- a very stimulating but complex argument set out in formal math manner by Gauti Eggertsson, a New Keynesian economist with the New York Federal Reserve branch. To follow this new buggy commentary, you should read the initial prof bug post at this site: it explains who Greg Eggertsson is and what his model does . . . skipping the formal mathematical work by way of summary for those who are put off or unable to work through the Eggertsson model.
The new bugged out commentary pushes deeper into the model's theoretical argument and the policy-guides that may or may not follow from it for shortening our current recession. More specifically, that commentary --- which was posted at Professor Nick Rowe's very good economic web-site --- takes issue with Prof Rowe's interpretation of Eggertsson's argument and with Rowe's own policy recommendation.
No Need To Say More Here
You'll find Professor Rowe's summary and analysis, as well as prof bug's lengthy rejoinder, if you click here.