Paul Krugman: Riksbank Officials Lead Sweden Into a Trap
A correspondent recently pointed me to the news from Sweden, which has stopped flirting with deflation and moved right in.It's amazing: the country, which at first weathered the recent crisis fairly well and faced none of the institutional constraints membership in the euro zone would have imposed, has managed - completely gratuitously - to get itself into a deflationary trap.
0 Comments:
Post a Comment
<< Home