Stimulus policies are no substitute for supply-side reforms

Low interest rates signal that the government can borrow more since its repayment conditions will be more favourable in times of historically low bond yields (at least in the USA and the UK). This is an example of a counter-cyclical … Continue reading →

Source: http://www.pensiontransferuk.info/stimulus-policies-are-no-substitute-for-supply-side-reforms/

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