Vij Ramachandran and I offer some other ideas for short-to-medium term policies that the U.S. and other rich-country governments could adopt to help mitigate another food price crisis, especially if the weather continues to impede production.
With the recovery emerging, a key medium-term policy challenge for the global economy is how to achieve a more stable distribution of demand across economies.
Following close behind recent unhelpful media coverage of onshore wind policy, this policy proposal will undermine investor confidence in the entire UK renewable energy sector, by removing at a stroke the short and medium-term policy certainty required for major project investments.
Historically, there has been a major disagreement between the proponents of this approach on the medium-term policy reaction function that realistically predicted policy spending patterns of governments.
Also today, the London-based Chatham House international policy think tank has published a report looking at the short to medium-term policy challenges posed by AI, focusing on military, human security and economic perspectives.
* G-20 members will set out their medium-term policy frameworks and will work together to assess the collective implications of our national policy frameworks for the level and pattern of global growth, and to identify potential risks to financial stability.
* G-20 members will set out our medium-term policy frameworks and will work together to assess the collective implications of our national policy frameworks for the level and pattern of global growth and to identify potential risks to financial stability.
This would be consistent with a medium-term policy reaction function of governments regarding ALMP spending, which is based on a fixed level of expenditure per unemployed individual, that could be somewhat adjusted based on a cyclical component (Layard et al. 1991).
"Our focus needs to shift from crisis management to delivering and implementing sound medium-term policies".
"Our focus needs to shift from crisis management to delivering and implementing sound medium-term policies," Mr. Dijsselbloem said in his letter to ministers.
In its semiannual Global Financial Stability Report, which has been released in phases, the fund said that developing medium-term policies to deal with fiscal deficits was the "the most daunting challenge facing governments in the near term".
