In an op-ed, Prof. Michael Spence reflects on worldwide economic policy and growth
September 19, 2013
Excerpt from Project Syndicate -- "We are in the process of learning how to manage growing policy interdependence without much policy coordination. The challenge is to identify policy circuit breakers that have relatively high benefit/cost ratios. Time and experience will help – that is, so long as high volatility does not destabilize many economies in the interim."