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Monetary vs. Fiscal; Policy Stand-Off

Monetary vs. Fiscal; Policy Stand-Off

4 Years ago | June 12, 2016 00:00:00

John M. Bland, MBA

Fiscal Stimulus Needed

Markets reacted early Thursday to fresh comments by ECB President Draghi who reiterated what he said after the last ECB decision on June 2 that its now up to governments to play their part and stimulate growth via fiscal means. Central banks have been doing all the heavy lifting to lift the global economy out of a "liquidity trap" and they simply do not have the tools do do it. economists learned back in the depression in the 1930's that monetary policy is not an effective tool for promoting growth. In the early 1960's the

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