Will China Derail the Global Recovery?
The short-term China risk must be watched,but the likelihood of a major economic crisis in China spilling over onto the rest of the world and derailing the global recovery is low. […]
Month: March 2015
Policy Response to the Plunge in Oil Prices
The plunge in oil prices will only stimulate global and national aggregate demand if it is passed through to consumers. […]
Deindustrialisation and Development
While manufacturing played a key role in some countries’ development, high growth can be sustained without relying primarily on manufacturing. […]
That Absurd Fear of Stagnation
Seven years after the outbreak of the financial crisis, bad policies, deficient institutional arrangements, and the mistakes of the past are still tying some of the world’s largest economies down. […]