Get Started for FREE
Sign up with Facebook Sign up with X
I don't have a Facebook or a X account
 Your new post is loading...
Your new post is loading...
Scoop.it!
The state of the global economy is particularly worrying because the usual explanations do not apply 
No comment yet.
Sign up to comment
|
Scoop.it!
A decade after the crash, many nations are still on emergency monetary policies, even before a new downturn strikes
Graham Watson's insight:
An extensive piece in today's Observer, looking at the global economic slowdown, and what can be done to correct it, with some people suggesting that helicopter money and negative interest rates are on the horizon.
|
Larry Elliott writes a fantastic piece about the current state of the global economy and concludes that many of the traditional ways of stimulating the economy are not available to us, and advocates limited use of so-called 'helicopter money' to boost growth.
It's a fascinating piece because it looks at potential causes of the current stagnation of the global economy, including a reference to Kondratiev cycles, that take a very long-term view of the nature of growth. But, in addition, it also makes it clear that monetary solutions, such as lower interest rates, are scarcely credible in the current policy environment.