Breaking the vicious cycle: Restoring balanced and sustainable growth in the global economy

Cecchetti, Stephen, Hofmann, Boris.

The global economy is still suffering. This column assesses the structural adjustments, monetary and fiscal policy measures, and financial reforms that are needed to break the vicious cycle of weak growth, impaired financial systems, risks to fiscal sustainability and being propped up by monetary policy.

Πηγή: Voxeu

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