I'm wildly interested what's your (and hn community's in general) proposed macro policy mix. When accounted for workforce changes (demography+participation), there was absolutely no economic growth in all developed EU economies (+UK) since the GFC. Zero productivity growth.
That's stark difference compared to US. Did Europe over-auster when US massively increased it's debt? But , as above-mentioned example shows, fiscal expansion can be challenging…
I'm wildly interested what's your (and hn community's in general) proposed macro policy mix. When accounted for workforce changes (demography+participation), there was absolutely no economic growth in all developed EU economies (+UK) since the GFC. Zero productivity growth.
That's stark difference compared to US. Did Europe over-auster when US massively increased it's debt? But , as above-mentioned example shows, fiscal expansion can be challenging…