CAMBRIDGE: The end of decades of inflation and the onset of major long term fiscal restraints are the most striking features of the world economy today. How central banks respond to this is the key question. If they fail to ease monetary policy, deflation is around the corner. If they act promptly, prosperity can last.
CAMBRIDGE: The end of decades of inflation and the onset of major long term fiscal restraints are the most striking features of the world economy today. How central banks respond to this is the key question. If they fail to ease monetary policy, deflation is around the corner. If they act promptly, prosperity can last.