How Western Economies Can Avoid the Japan Trap
Apr 8, 2019 warns that advanced economies should not count on monetary policy to fix deeper structural problems.
Mohamed A. El-Erian
Mohamed A. El-Erian, Chief Economic Adviser at Allianz, the corporate parent of PIMCO where he served as CEO and co-Chief Investment Officer, was Chairman of US President Barack Obama’s Global Development Council. He previously served as CEO of the Harvard Management Company and Deputy Director at the International Monetary Fund. He was named one of Foreign Policy’s Top 100 Global Thinkers in 2009, 2010, 2011, and 2012. He is the author, most recently, of The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse.
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How Western Economies Can Avoid the Japan Trap 
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