#internationalfishereffect — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #internationalfishereffect, aggregated by home.social.
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@GhostOnTheHalfShell @economics-that-works
#Economics #PublicFinances
#US #EU #ConvergenceCriteria(5/n)
...because you have to pay ever more of your currency to repay the foreign debt. Also, imported goods become more expensive for the same reason (#ImportedInflation.)
In order to support your currency's external value, you need to increase national interest rates.(And here, the #InternationalFisherEffect comes into play:
"The international Fisher effect...is a...