, Columnist
Avoiding Crisis Is Not Creating Prosperity
Adam S. Posen, president of the Peterson Institute for International Economics, says the impact of central banks is limited.
This article is for subscribers only.
How different are the impacts of fiscal stimulus and monetary policy? That is a question Adam S. Posen, president of the Peterson Institute for International Economics and this week’s guest on Masters in Business, has spent decades researching on behalf of central banks. Federal Reserve actions trend toward the prophylactic in nature, and while they can work to prevent catastrophe, they cannot create prosperity alone.
https://megaphone.link/BLM3369017736