Gina Pieters, PhD (@profpieters) 's Twitter Profile
Gina Pieters, PhD

@profpieters

I was an academic economist for over 10 yrs (UMinn, TrinityU, UChicago) now I'm a researcher specializing in macro-impact of crypto.

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linkhttps://www.ginapieters.com/ calendar_today30-01-2016 15:31:23

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This type of error is why people need to learn macro. The general equilibrium (and exchange rate effects!) are *not* small for a policy of this scope. The assumptions that lead to this formula are not satified, so this formula cannot be used for the stated goal.

This type of error is why people need to learn macro.  The general equilibrium (and exchange rate effects!) are *not* small for a policy of this scope.  The assumptions that lead to this formula are not satified, so this formula cannot be used for the stated goal.