by Mark Thoma, University of Oregon (Department of Economics)

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Kenneth Rogoff: The Global Economy is Still Growing Too Fast

Posted on July 30, 2008

Kenneth Rogoff says we need to raise interest rates to prevent inflation, to quit trying to stimulate the economy with fiscal policy, and allow financial institutions to fail:The world cannot grow its way out of this slowdown, by Kenneth Rogoff, Financial Times: As the global economic crisis hits its one year anniversary, it is time to re-examine not just the strategies for dealing with it, but also the diagnosis underlying those strategies. Is it not now clear that the main macroeconomic challenges facing the world today are an excess demand for commodities and an excess supply of financial s...

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budget , central bank , chinese , commodities , commodity , economy , fed , gdp , inflation , interest rates , oil , output , tax , the fed , treasuries