Is the “Washington Consensus" here again?

 



The “Great Moderation” is the name often given to the period from the mid-1980s to 2007, when the Federal Reserve kept inflation and economic growth relatively stable… until it all collapsed in spectacular fashion in the global financial crisis of 2008.

https://englundmacro.blogspot.com/2020/02/has-great-moderation-returned-and-is.html


What is the “Washington Consensus? Did it fail?

 These policies also had the backing of experts at Washington's international institutions—especially the International Monetary Fund and the World Bank, as well as the US Treasury—to help the recovery from the debt crisis.

After decades of turbulence in the global economy and countries' mixed successes at policy reforms, the phrase "Washington Consensus" raises red flags among some economists while providing enduring wisdom among others.

https://englundmacro.blogspot.com/2021/09/what-is-washington-consensus-did-it-fail.html




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