Almost all advanced economies are burdened with enough debt to remain vulnerable to double-dip recessions, according to Carmen Reinhart . Moreover, the obtuse, intensely ideological prescriptions proffered by such luminaries as Paul Krugman in the NYT, and Stanford's John Taylor and Harvard's Robert ...
During his keynote presentation at the Morningstar Investment Conference, the PIMCO manager made the case that high debt levels and a need for financial stability mean that central banks should keep real rates close to zero for some time.
As the world found out in 2008, it's crucial to track macrofinancial risks.
As the world found out in 2008, it’s crucial to track macrofinancial risks.
Carmen Reinhart and Ken Rogoff sent Paul Krugman a letter over the weekend decrying what they called his “spectacularly uncivil behavior.”