The Bankruptcy of Single-Gear Economic Policy

R. A. Rayman

Chapter 18 in A Multi-Gear Strategy for Economic Recovery, 2013, pp 204-209 from Palgrave Macmillan

Abstract: Abstract During the course of her address to the 2011 International Finance Forum in Beijing on 9th November 2011, Christine Lagarde, Managing Director of the International Monetary Fund, issued a timely warning: The global economy has entered a dangerous and uncertain phase. . If we do not act, and act together, we could enter a downward spiral of uncertainty, financial instability, and a collapse in global demand. Ultimately, we could face a lost decade of low growth and high unemployment.

Keywords: International Monetary Fund; Public Spending; Structural Reform; Annual Percentage Change; Timely Warning (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-30452-0_18

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DOI: 10.1057/9781137304520_18

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