Faculty News
—
Paul Krugman highlights Prof. Kim Schoenholtz's blog post on macroeconomics
—
![The New York Times Logo The New York Times Logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_035448.jpg?h=cd55d432&itok=goJ5yC24)
Excerpt from The New York Times -- "Cecchetti & Schoenholtz argue that 'zero matters' in macroeconomics; specifically, both the zero almost-lower bound on interest rates and downward wage rigidity make the case that deflation or for that matter very low inflation is a bad thing."
Faculty News
—
![The New York Times Logo The New York Times Logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_035448.jpg?h=cd55d432&itok=goJ5yC24)
Excerpt from The New York Times -- "Cecchetti & Schoenholtz argue that 'zero matters' in macroeconomics; specifically, both the zero almost-lower bound on interest rates and downward wage rigidity make the case that deflation or for that matter very low inflation is a bad thing."