Barry Eichengreen, (2018), “Ready or Not for the Next Recession?”, Project Syndicate, 10 January
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.
Relevant Posts
- «The rebuilding macroeconomic theory project: an analytical assessment «, Oxford Review of Economic Policy, Volume 34, Issue 1-2, 5 January
- Stephen Cecchetti, Kim Schoenholtz, (2018), «GDP at risk», Vox, 11 January