Middle East Economic Survey
VOL. LIII
No 10
8-March-2010
Diagnostics And Reforms Drawn From The Great Recession
By Shawkat Hammoudeh
Dr Hammoudeh is Professor of Economics and International Business at Drexel University. He can be reached at hammousm@drexel.edu.
In a traditional recession, a central bank such as the US Federal Reserve may overshoot its targets in overreaction to rising inflation. This can bring a healthy economy into an ordinary recession. Traditional monetary instruments such as...
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