EconoMonitor

EconoMonitor Highlights: Base Jumping

In the wake of a divisive U.S. election, factions within each party disagree on how to address the looming fiscal cliff, driven by a vocal base. Meanwhile, the eurozone periphery and core stumbled onward like two mismatched friends in a three-legged race, to place a new metaphor into currency.

Throughout the week, EconoMonitor commentators presented a panorama of the global effects of QE3:

“That is the lesson Chairman Bernanke should have learned from Japan: if you don’t ramp up the fiscal stimulus, and keep it ramped up until a full blown recovery has occurred, you will remain trapped in recession.”

—L. Randall Wray, Dymystifying Quantitative Easing

And now, the best of the rest …

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Richard Wood Richard Wood

Richard has published papers on wages policy, the taxation of financial arrangements and macroeconomic issues in Pacific island countries. Views expressed in these articles are his own and may not be shared by his employing agency. He is the author of How to Solve the European Economic Crisis: Challenging orthodoxy and creating new policy paradigms