Excerpt: From great depression to great reession: The elusive quest for international policy cooperation edited by Atish Ghosh and Mahvash Qureshi published by IMF (4/2017). “Analyzing current issues through the prism of history can be instructive. The global financial crisis and the ensuing Great Recession raised concerns about adjustment fatigue, deflation, currency wars, and secular stagnation that presented a sense of déjà vu: similar concerns had arisen at the time of the Great Depression and at the end of World War II…”
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