Faculty News
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An interview with Nobel Laureate Prof. Michael Spence on the world economy
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Excerpt from the Australian Broadcasting Corporation -- "The way I've calibrated it is if the major industrial countries experience very low growth, they can sustain the growth, but if we take a big downturn, they can't replace the lost aggregate demand."
Faculty News
—

Excerpt from the Australian Broadcasting Corporation -- "The way I've calibrated it is if the major industrial countries experience very low growth, they can sustain the growth, but if we take a big downturn, they can't replace the lost aggregate demand."