For decades, economic policymakers have worshipped at the altar of combating inflation, reducing public deficits, and discouraging risky behavior by investors. That mindset made them hesitate when the global financial crisis erupted in 2007-08. Ubide's thesis is that central banks' fear of inflation and risk taking has hampered their efforts to revive global prosperity. In their confusion, he argues, policymakers made the recovery weaker. He calls on world leaders to abandon old shibboleths and learn the lessons from the financial crisis and its sluggish aftermath.
- ISBN10 0881327190
- ISBN13 9780881327199
- Publish Date 7 September 2017
- Publish Status Active
- Publish Country US
- Imprint The Peterson Institute for International Economics
- Format Paperback
- Pages 170
- Language English