Turner, Adair, (2016), “Demystifying Monetary Finance”, Social Europe, 23 Αugust
Eight years after the 2008 crisis governments and central banks – despite a plethora of policies and approaches – have failed to stimulate enough demand to produce sustained and strong growth. In Japan, so-called Abenomics promised 2% inflation by 2015; instead, the Bank of Japan (BOJ) expects it to be close to zero in 2016, with GDP growth below 1%. Eurozone growth halved in the second quarter of 2016 and is dangerously dependent on external export demand. Even the US recovery seems tepid.
Relevant Posts
- U. Michael Bergman, Michael M. Hutchison, Svend E. Hougaard Jensen, (2016), “Promoting sustainable public finances in the European Union: The role of fiscal rules and government efficiency”, European Journal of Political Economy, 3 Μay
- Singh, Anoop, (2016),“Reforming the international monetary system”, Brookings, 19 Αpril