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The Allure and Limits of Monetized Fiscal Deficits

Nouriel Roubini, (2019), «The Allure and Limits of Monetized Fiscal Deficits», Project Syndicate, 28 October

With the global economy experiencing a synchronized slowdown, any number of tail risks could bring on an outright recession. When that happens, policymakers will almost certainly pursue some form of central-bank-financed stimulus, regardless of whether the situation calls for it.

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