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Martin Sandbu/Brad DeLong diagnoses of the ills of the Global North

One way to view the situation is that there have been four serious diagnoses of the ills of the Global North.

 They are: A Bernanke global savings-glut. 

A Krugman-Blanchard return to ‘depression economics’.

A Rogoffian-Minskyite crisis of overleverage and debt overhang. 

A Summers secular-stagnation chronic crisis.”

DeLong points out that each leads to different policy recommendations

FT 4 November 2016


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