
The Other Side of Growth
Dec 26, 2019 & urge Chinese and Indian policymakers to avoid focusing only on GDP as a means of improving people's lives.
Esther Duflo, Professor of Poverty Alleviation and Development Economics at MIT, is a winner of the 2019 Nobel Prize in Economics.
Dec 26, 2019 & urge Chinese and Indian policymakers to avoid focusing only on GDP as a means of improving people's lives.
Huge fiscal and monetary stimulus programs have sparked a growing debate about whether advanced economies may sooner or later experience the sort of rapid price growth last seen a generation ago. While stimulus advocates point to current weak demand and the public’s deeply ingrained low-inflation expectations, anxious hawks fear that a new and dangerous global inflationary consensus may be taking hold.