Demand shortfall casts doubt on early austerity

05/07/2010 8 min
Demand shortfall casts doubt on early austerity

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Episode Synopsis

Rapid cuts in fiscal support make sense if, and only if, monetary policy can be effective on its own and expanding the interest-elastic parts of the economy is the best way to climb out of the hole, says Martin Wolf Hosted on Acast. See acast.com/privacy for more information.