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Tuesday, February 28, 2023

Fundamental: In Major Economic Shocks, Best Response Combines All-Out, Large-Scale Policies

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Alert Alert Feb 28, 2023, 11:30am
 
Fundamental: In Major Economic Shocks, Best Response Combines All-Out, Large-Scale Policies
Economists will be studying the pandemic for generations to learn from the dramatic global downturn and the ensuing credit crunch, but one important lesson about the scope of action needed to contain the next global crisis is already coming into focus. During the pandemic, countries often used all-out responses that combined large fiscal, monetary, and ...
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