🛢️ When oil is scarce and debt is binding: policy sequencing under a severe energy supply shock
If temporary monetary-fiscal coordination is feasible, it should be pre-committed, conditional and bounded by a published exit rule.
📑 Working Paper by Gene Frieda
🔗 buff.ly/XKrbNEd
#EconSky
Alluded to some of the flaws in the thinking of the pro-trade war camp here chipsgunsandmoney.substack.com/p/chinas-res...
And the show is just starting
More on trade and industrial policy sequencing
giftarticle.ft.com/giftarticle/...
Yeah, basically www.ft.com/content/0212...
It's one thing to support their armed conflict against Russia. But to want to transform them into the lynchpin of European defense is pretty fucking stupid
Because apparently it bears saying again chipsgunsandmoney.substack.com/p/irans-ambush