Europe, USA and Japan Recent Macroeconomic Policy Errors and a Way Forward

Richard Wood
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Richard Wood: School of Economics, The University of Queensland

No 530, Discussion Papers Series from University of Queensland, School of Economics

Abstract: This paper argues that a number of the central macroeconomic policies adopted by major economic blocks since the Global Financial Crisis have been inappropriate, largely ineffective or counterproductive. These mistaken policies have proven very expensive. An alternative combination of monetary and fiscal policies is suggested as a way to combat high debt, credit traps, deflation tendencies and high unemployment.

Date: 2014-08-08
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Persistent link: https://EconPapers.repec.org/RePEc:qld:uq2004:530

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