BACK in June, the Bank for International Settlements (which journalists are required to call the central bank for central banks) suggested that, globally, monetary policy would need to tighten in order to slow growth and rein in inflation. At the time, this struck me as foolishness. It still does. But I’ve been thinking. And I wonder: what is global growth potential? (via The world economy: A lump of growth? | The Economist)
Posted January 17, 2012 at 7:50pm in economics economist central banking fractional reserve fed emerging growth gdp
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