# An op-ed by Prof. Nouriel Roubini on the state of the global economy

1 Faculty News June 15, 2012 ![Project Syndicate logo](/sites/default/files/styles/246w/public/assets/images/con_030500.jpg?itok=ONV7lJ6H)>

Excerpt from [Project-Syndicate](http://www.project-syndicate.org/commentary/a-global-perfect-storm) -- "Compared to 2008-2009, when policymakers had ample space to act, monetary and fiscal authorities are running out of policy bullets (or, more cynically, policy rabbits to pull out of their hats). Monetary policy is constrained by the proximity to zero interest rates and repeated rounds of quantitative easing."

[Read more](http://www.project-syndicate.org/commentary/a-global-perfect-storm)

Additional coverage appeared on [Livemint.com](http://www.livemint.com/2012/06/17194917/A-global-perfect-storm.html).