Monthly Archives: October 2013

Twin debt equilibria, and waiting for the sunspot

Paul Krugman, responding to Simon Wren-Lewis, wants a model to better articulate Ken Rogoff's fears of debt and deficits (pdf). Fair enough request. I can't give Paul a fully worked-out formal model, but I think I can give him a sketch of what such a model would look like. (Update: If Paul likes, he could […]