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His call for a global fiscal stimulus in January 2008, for instance, now seems prescient.
In 2008, the global fiscal crisis caused Dublin's real-estate market to slide further.
It worked". "It" being the extraordinary, co-ordinated global fiscal and monetary stimulus launched in the wake of the Lehman collapse a year earlier.
This narrative is repeated by Bai when he states, "It's not as if the problem of public pensions suddenly got so much worse than it was before (the shortfalls have been building steadily for years, after all)...".. In fact, Bai is wrong and the condition of pensions did get suddenly much worse in 2009 after many of these funds lost over a third of their value during the global fiscal meltdown.
I encouraged a global fiscal stimulus that learned Keynes' lessons.
G20 leaders gathered in Seoul to discuss rising tensions surrounding global fiscal and currency imbalances.
Similar(24)
For a global spring!
It's a global 1937.
This is a worldwide global spring.
"The way Gangnam Style went global last year was amazing.
Human occupation was sporadic before the global Last Glacial Maximum (LGM).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com