by Frank Shostak
In his Financial Times article “The curse of weak global demand,” Martin Wolf writes that today’s most important economic illness is chronic demand deficiency syndrome. Wolf argues that despite massive monetary pumping by the central banks of the US and the EMU, and the policy of lowering interest rates to around zero, both the US and the EMU, economies have continued to struggle.
We Need More Demand and More Lending
Martin Wolf is of the view that what is needed is to raise the overall demand for goods and services in order to revive economies. He also holds that there is a need to revive consumer confidence that was pulled down by the severe weakening of the financial system.
Continue reading…
The views expressed on austriancenter.com are not necessarily those of the Austrian Economics Center.
We are glad you do! Please consider donating if you want to read more articles like this one.
Comment
|
December 8th, 2014
Does Europe Have Demand Deficiency Syndrome?
by Frank Shostak In his Financial Times article “The curse […]
Author
Team AECby Frank Shostak
In his Financial Times article “The curse of weak global demand,” Martin Wolf writes that today’s most important economic illness is chronic demand deficiency syndrome. Wolf argues that despite massive monetary pumping by the central banks of the US and the EMU, and the policy of lowering interest rates to around zero, both the US and the EMU, economies have continued to struggle.
We Need More Demand and More Lending
Martin Wolf is of the view that what is needed is to raise the overall demand for goods and services in order to revive economies. He also holds that there is a need to revive consumer confidence that was pulled down by the severe weakening of the financial system.
Continue reading…
Author
View all posts
The views expressed on austriancenter.com are not necessarily those of the Austrian Economics Center.
Do you like the article?
We are glad you do! Please consider donating if you want to read more articles like this one.
Related
Comment
Back in Iraq? Foreign policy déja vù all over again
July 29th, 2014
Comment
Labor Markets After Covid
June 28th, 2021
Comment
Socialism: Then & Now
December 10th, 2018
Comment
Loose monetary policy could be on its way out
April 22nd, 2016
Comment
The Costs of Coronavirus Lockdowns
December 9th, 2020