Developing countries face a double whammy, the health impact of the virus and their inability to pump out central bank money. Industrialised countries must come to the rescue, for the benefit of all
Cross-posted from Makroskop and Brave New europe
Translated and edited by BRAVE NEW EUROPE
The global pandemic is sparing almost no one. …
Translated by Brave New Europe and cross-posted from Makroskop
The shock that the European economy has to cope with cannot be compared with any other event of the past seventy years. The scale of the collapse is enormous. Only an extremely rapid and equally powerful financial policy response can cushion it. …
Ich habe gestern dem Deutschlandfunk ein Interview zur Corona-Krise gegeben und darin erklärt, was jetzt im Bereich Wirtschaft vordringlich getan werden muss.
Hier ein Link zu der Audioaufnahme und hier zur schriftlichen Fassung. …
Translated and edited by BRAVE NEW EUROPE
At a time like this policy-makers must focus on a few stable patterns in social and economic relations to help reduce insecurity. But even this is difficult, because there has never been such an emergency-stop and such a shock. …
