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In the short term, governments have little option but to try to get credit flowing and to protect vulnerable small businesses and home-owners.
In the short term, governments should refer the academic publishers to their competition watchdogs, and insist that all papers arising from publicly funded research are placed in a free public database.
In the longer term, governments must adopt housing strategies that demonstrate an understanding of the intersections between housing, and other economic and social policies, human security, and human rights.
In the longer term, governments have an important role to play in the provision of loan guarantees, which are vital for overcoming engineering and "first of a kind" risks, says Joe Turnage at Unistar, a commercial nuclear joint-venture between Constellation Energy, an American utility, and EDF, a French one.
A tally by The Economist of announced power projects (under construction or at an advanced stage of planning) suggests that the region's electricity-generating capacity will increase by more than half by the end of the decade.In the longer term governments have set what are probably over-ambitious targets.
If that seems outrageous to you, just look at Japan, where long- term governments currently yield less than 2%.
Similar(51)
Treasury bills and short term Government securities fell in price, and longer‐term bonds advanced.
In the short term government borrowing is an essential antidote to the slump.
The Treasury has a long history of undermining or abandoning productive, long term, government interventions.
That debt will now be spread over into a long term government bond.
Instead the IOUs or Promissory Notes will be replaced by a longer term government bond.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com