Ready or Not for the Next Recession?

Barry Eichengreen, (2018), “Ready or Not for the Next Recession?”, Project Syndicate, 10 Ιανουαρίου

Policymakers normally respond to recessions by cutting interest rates, reducing taxes, and boosting transfers to the unemployed and other casualties of the downturn. But, for a combination of economic and political reasons, the US, in particular, is singularly ill-prepared to respond normally.

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