Print Less but Transfer More: Why Central Banks Should Give Money Directly to the People

Mark Blyth, Eric Lonergan

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    Abstrakt

    The article discusses the Japanese economy from the burst of its asset bubble in the 1990s and its failure to recover as of 2014, comparing that situation to the global economy since 2008. The author argues that the global economy suffers from a deficiency of demand and that direct money transfers, as proposed by economist Ben Bernanke and others, or other alternative methods of increasing demand are necessary. Comments from economist Alan Greenspan are included.
    OriginalsprogEngelsk
    TidsskriftForeign Affairs
    Vol/bind93
    Udgave nummer5
    Sider (fra-til)98-109
    ISSN0015-7120
    StatusUdgivet - 2014

    Citationsformater