Transition 2012
Authors: Menzie D. Chinn, Karl Smith, and Raghuram G. Rajan, University of Chicago
September/October 2012
Foreign Affairs
Since weak demand is at the heart of the recession, governments need to enact not just structural reforms but also stimulus programs, argues Menzie Chinn. Such reforms, moreover, don't always work out, writes Karl Smith. Raghuram Rajan demurs.
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