Why Stimulus has Failed
Raghuram Rajan, Professor of Finance at the University of Chicago Booth School of Business
NEW DELHI – Two fundamental beliefs have driven economic policy around the world in recent years. The first is that the world suffers from a shortage of aggregate demand relative to supply; the second is that monetary and fiscal stimulus will close the gap.
Read more at http://www.project-syndicate.org/commentary/boosting-demand-impedes-recovery-by-raghuram-rajan#spW9w5RpZjzfORtD.99
Veja também:
http://mises.org/daily/4158
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