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The Big Picture brings together a range of PS commentaries to give readers a comprehensive understanding of topics in the news – and the deeper issues driving the news. The Big Question features concise contributor analysis and predictions on timely topics.
The Crisis Next Time
After the financial crash of 2007-2008, US policymakers had to resort to extraordinary monetary measures to prevent recession from turning into depression. But with interest rates still exceptionally low, and the US budget deficit set to widen sharply, effective countercyclical policies may be unavailable, aggravating the next downturn.
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