The Brave New World Of Integrated Fiscal And Monetary Stimulus

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The Brave New World Of Integrated Fiscal And Monetary Stimulus
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The Brave New World Of Integrated Fiscal And Monetary Stimulus by Darren Williams

Is a more active fiscal policy really the answer to what ails the global economy? And has the great monetary experiment finally reached the end of the road? We’re not so sure.

It’s scarcely possible to read an article on economic policy these days without hearing that central banks have run out of ammunition and need to open the fiscal floodgates. Even the British government has joined the fray, with new prime minister Theresa May highlighting her opposition to quantitative easing (QE) and promising that “change is coming.”

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