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So that means the gold standard would increase interest rates at both the best and worst possible moments, the latter of which is how a recession can get turned into a depression.
Funny how a recession changes everything.
Funny how a recession concentrates the mind.
Clearly it is not possible from one observation (and even a relatively short observation period) to make a reliable inference on how a recession influences the effectiveness of ALMP.
It is easy to see how a recession fuels a downward spiral: demand falls, expenditure is cut, income falls, demand falls (again), etc.
In a similar vein, James Meadway, an economist with the New Economics Foundation, wrote of how a recession in the next several years would make Corbyn a highly credible prime minister in waiting.
Similar(53)
The discussion has switched to how long a recession will last and how steep it will be.
How would a recession affect this phenomenon?
How steep a recession?
The central questions on investors' minds, as in the tumultuous past week, was how deep a recession the U.S. could fall into and to what extent Asia would be affected.
As far as overall damage, I expect the domestic market to consolidate around the 1200 level on the S&P 500 and then wait and see how deep a recession hits the country.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com