We are all Keynesians now, so let's get fiscal, Ambrose

The Bank of England has done everything possible under the constraints of monetary orthodoxy to cushion the Brexit shock. 

 Monetary policy is close to the limits. 

 Only fiscal policy can address a structural economic shock. 

 A soft-landing depends on Chancellor Phillip Hammond delivering on his pledge to “take any necessary steps to support the economy and promote confidence”.


 Ambrose Evans-Pritchard 4 August 2016


Jag tycker det är skriande uppenbart att räntan världen över är för låg och att en större del av stimulanserna borde ske via finanspolitiken.

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