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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Pavlina Tcherneva: No, Mr. Krugman, Bernanke&#x2019;s Conundrum is Completely Different | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="vtPvNPnSxU"&gt;&lt;a href="https://www.nakedcapitalism.com/2012/04/pavlina-tcherneva-no-mr-krugman-bernankes-conundrum-is-completely-different.html"&gt;Pavlina Tcherneva: No, Mr. Krugman, Bernanke&#x2019;s Conundrum is Completely Different&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2012/04/pavlina-tcherneva-no-mr-krugman-bernankes-conundrum-is-completely-different.html/embed#?secret=vtPvNPnSxU" width="600" height="338" title="&#x201C;Pavlina Tcherneva: No, Mr. Krugman, Bernanke&#x2019;s Conundrum is Completely Different&#x201D; &#x2014; naked capitalism" data-secret="vtPvNPnSxU" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>By Pavlina Tcherneva, Assistant Professor of Economics at Franklin and Marshall College, Research Scholar at The Levy Economics Institute, and Senior Research Associate at the Center for Full Employment and Price Stability. Cross posted from New Economic Perspectives  Our mainstream colleagues keep banging their heads against the wall. &#x201C;Why, oh why wouldn&#x2019;t Chairman Bernanke do more to rescue the economy?&#x201D; Today Paul Krugman took on this question again, arguing that Chairman Bernanke should listen to Professor Bernanke who had far more sensible ideas about rescuing an economy from a deflationary environment, as seen in his research on Japan during the 90s.   Krugman revisits a 2000 paper by then professor Bernanke, which many of us have scrutinized before, titled &#x201C;Japanese Monetary Policy: A Case of Self-Induced Paralysis?&#x201D; Krugman faults Bernanke for not following his own advice.....  The difference is that, unlike Paul Krugman, I actually read Bernanke&#x2019;s paper from start to finish.</description></oembed>

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