Browsing Tag


What about the virus?

In yesterday's post, I was mostly upbeat about near-term economic outcomes. The overall gist was that we are going to see a snapback recovery soon that makes this the shortest recession on record. But, the snapback won't get us to anywhere…

The Risks of Pro-Cyclical Policy

Pro-cyclical monetary and fiscal policies exacerbate the challenge that lies ahead. Although the world enjoys a synchronized expansion, the Great Financial Crisis may not be truly over until the downside of this business cycle is managed.

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