The IMF warns us of economic stagnation & suggests fixes. We should listen.
Summary: Today’s post looks at an important new report about the IMF, another step by economists towards recognition that we’ve left the post-WWII order for a new world. Now that’s a world of persistent slow growth, in which repeated rounds of fiscal and monetary stimulus (conventional and unconventional) prevents recessions but cannot reignite strong growth. …
The IMF warns us of economic stagnation & suggests fixes. We should listen. Read More »