The crisis and co-operation: this time may indeed be different
29 March 2020 - 00:06
One of the iconic books of the 2008 Lglobal financial crisis was This Time Is Different, in which economists Carmen Reinhart and Kenneth Rogoff argued that it really wasn't, reflecting on a long history of financial crises. But as the pandemic continued to wreak global havoc this week, Reinhart wrote that "this time it truly is different" - a "whatever it takes" moment for large-scale, outside-the-box fiscal and monetary policies...
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