Policy insights

Policy Insights

Policy Insight 62: The economic crisis: How to stimulate economies without increasing public debt

Quantitative easing and austerity have done little to stop the EZ's periphery economies sliding towards depression. Policy Insight 62 argues that new money creation can finance deficits without increasing public debt.

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Citation

Wood, R (2012), Policy Insight 62: The economic crisis: How to stimulate economies without increasing public debt, CEPR Policy Insight No 62, CEPR Press, Paris & London. https://cepr.org/publications/policy-insight-62-economic-crisis-how-stimulate-economies-without-increasing-public