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Barry Eichengreen

For Barry Eichengreen's latest contributions to The Japan Times, see below:

Ready or not for the next recession?

Commentary / World Jan 16, 2018

Ready or not for the next recession?

Policymakers normally respond to recessions by cutting interest rates, reducing taxes, and boosting transfers to casualties of the downturn. But, for a combination of economic and political reasons, the U.S., in particular, is ill-prepared to respond normally.