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HomeRoubini: “How to Avoid Double Dip Global Recession”
Posted by Larry Doyle on June 15th, 2010 5:05 PM |
I need to make a point, on a more regular basis, of visiting my Sense on Cents link to Project Syndicate. This site provides a virtual treasure trove of fabulous writers and insightful global perspectives. For example, widely read and renowned economist Nouriel Roubini offers what policymakers should do in writing, How to Avoid a Double-Dip Recession:
First, in countries where early fiscal austerity is necessary to prevent a fiscal crisis, monetary policy should be much easier – via lower policy rates and more quantitative easing – to compensate for the recessionary and deflationary effects of fiscal tightening. In general, near-zero policy rates should be maintained in most advanced economies to support the economic recovery. (more…)
