Saturday, December 10, 2016

Introducing Draghinomics

Mario Draghi

Faced with bleak economic data, European Central Bank President Mario Draghi appears ready to discard the orthodox policymaking rule book, much like Shinzo Abe in Japan. But can Draghi's recent call for a combination of structural reform, fiscal and monetary stimulus, and the removal of supply-side bottlenecks gain the necessary political support, and would his prescription work?

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