WARSAW – The global economy’s glory days are surely over. Yet policymakers continue to focus on short-term demand management in the hope of resurrecting the heady growth rates enjoyed before the 2008-09 financial crisis. This is a mistake. When one analyzes the neo-classical growth factors – labor, capital, and total factor productivity – it is doubtful whether stimulating demand can be sustainable over the longer term, or even serve as an effective short-term policy.
Menos atenção à propaganda e mais pensamento estratégico, p.f.
WARSAW
– The global economy’s glory days are surely over. Yet policymakers
continue to focus on short-term demand management in the hope of
resurrecting the heady growth rates enjoyed before the 2008-09 financial
crisis. This is a mistake. When one analyzes the neo-classical growth
factors – labor, capital, and total factor productivity – it is doubtful
whether stimulating demand can be sustainable over the longer term, or
even serve as an effective short-term policy.
Read more at http://www.project-syndicate.org/commentary/marek-dabrowski-says-that-the-global-economy-s-glory-days-are-in-the-past#Ub3Uc2TDLGGdJVBI.99
– The global economy’s glory days are surely over. Yet policymakers
continue to focus on short-term demand management in the hope of
resurrecting the heady growth rates enjoyed before the 2008-09 financial
crisis. This is a mistake. When one analyzes the neo-classical growth
factors – labor, capital, and total factor productivity – it is doubtful
whether stimulating demand can be sustainable over the longer term, or
even serve as an effective short-term policy.
Read more at http://www.project-syndicate.org/commentary/marek-dabrowski-says-that-the-global-economy-s-glory-days-are-in-the-past#Ub3Uc2TDLGGdJVBI.99
WARSAW
– The global economy’s glory days are surely over. Yet policymakers
continue to focus on short-term demand management in the hope of
resurrecting the heady growth rates enjoyed before the 2008-09 financial
crisis. This is a mistake. When one analyzes the neo-classical growth
factors – labor, capital, and total factor productivity – it is doubtful
whether stimulating demand can be sustainable over the longer term, or
even serve as an effective short-term policy.
Read more at http://www.project-syndicate.org/commentary/marek-dabrowski-says-that-the-global-economy-s-glory-days-are-in-the-past#Ub3Uc2TDLGGdJVBI.99
– The global economy’s glory days are surely over. Yet policymakers
continue to focus on short-term demand management in the hope of
resurrecting the heady growth rates enjoyed before the 2008-09 financial
crisis. This is a mistake. When one analyzes the neo-classical growth
factors – labor, capital, and total factor productivity – it is doubtful
whether stimulating demand can be sustainable over the longer term, or
even serve as an effective short-term policy.
Read more at http://www.project-syndicate.org/commentary/marek-dabrowski-says-that-the-global-economy-s-glory-days-are-in-the-past#Ub3Uc2TDLGGdJVBI.99
WARSAW
– The global economy’s glory days are surely over. Yet policymakers
continue to focus on short-term demand management in the hope of
resurrecting the heady growth rates enjoyed before the 2008-09 financial
crisis. This is a mistake. When one analyzes the neo-classical growth
factors – labor, capital, and total factor productivity – it is doubtful
whether stimulating demand can be sustainable over the longer term, or
even serve as an effective short-term policy.
Read more at http://www.project-syndicate.org/commentary/marek-dabrowski-says-that-the-global-economy-s-glory-days-are-in-the-past#Ub3Uc2TDLGGdJVBI.99
– The global economy’s glory days are surely over. Yet policymakers
continue to focus on short-term demand management in the hope of
resurrecting the heady growth rates enjoyed before the 2008-09 financial
crisis. This is a mistake. When one analyzes the neo-classical growth
factors – labor, capital, and total factor productivity – it is doubtful
whether stimulating demand can be sustainable over the longer term, or
even serve as an effective short-term policy.
Read more at http://www.project-syndicate.org/commentary/marek-dabrowski-says-that-the-global-economy-s-glory-days-are-in-the-past#Ub3Uc2TDLGGdJVBI.99
WARSAW
– The global economy’s glory days are surely over. Yet policymakers
continue to focus on short-term demand management in the hope of
resurrecting the heady growth rates enjoyed before the 2008-09 financial
crisis. This is a mistake. When one analyzes the neo-classical growth
factors – labor, capital, and total factor productivity – it is doubtful
whether stimulating demand can be sustainable over the longer term, or
even serve as an effective short-term policy.
Read more at http://www.project-syndicate.org/commentary/marek-dabrowski-says-that-the-global-economy-s-glory-days-are-in-the-past#Ub3Uc2TDLGGdJVBI.99
– The global economy’s glory days are surely over. Yet policymakers
continue to focus on short-term demand management in the hope of
resurrecting the heady growth rates enjoyed before the 2008-09 financial
crisis. This is a mistake. When one analyzes the neo-classical growth
factors – labor, capital, and total factor productivity – it is doubtful
whether stimulating demand can be sustainable over the longer term, or
even serve as an effective short-term policy.
Read more at http://www.project-syndicate.org/commentary/marek-dabrowski-says-that-the-global-economy-s-glory-days-are-in-the-past#Ub3Uc2TDLGGdJVBI.99
