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Sunday, June 29, 2014

The Wrong Multiplier --- Again!

Below is an interesting article about the never-ending issue of the multiplier used in the Greek memorandum by the IMF:

Original article (in Greek)
Google translation (in English)

3 comments:

  1. "Below is an interesting article about the never-ending issue"

    If you google for "πολλαπλασιαστής ΔΝΤ" (multiplier IMF), you will actually be surprised that it's hardly "never-ending". The most recent mention of it, dates to August 2013, relating to an IMF paper on multipliers:

    http://thepaper.gr/wp-content/uploads/2013/08/ekthesi-dnt-22-8-13.pdf

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  2. An easy way to reject responsibility...as if numbers and formulas have a mind of their own....

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  3. Irrelevant. Have you read- probably- this book?

    http://www.springer.com/springer+gabler/logistik/book/978-3-8349-4297-5

    (Difficult to read it in summer?)

    MS

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