Chapter 16 - Assignment 2: Paul Romer's Views on Macroeconomic Policy

Read Paul M. Romer's article entitled: "Beyond Classical and Keynesian Macroeconomic Policy."

  1. Explain Romer's analogy between monetary policy and blood doping.
  2. Explain Romer's analogy between fiscal policy and a taper.
  3. What does Romer suggest as the appropriate role for governmental economic policy? Explain.
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